9 Otis St Westborough, MA 01581-3373
- Warehouses
- 36,400 SF
- 26.66 lot acres
Current Use by Public Records
- Warehouses
Property Details for 9 Otis St
- Year built
- 1982
- Construction
- STEEL FRAME
- Lot size
- 26.66 lot acres
- Property size
- 36,400 SF
- Zone code
- IB
- Property type
- Warehouses
- APN
- WBOR M:0026 B:000053 L:0
- APU
- WBORM0026B000053L0
Description
This exceptional 35,000-square-foot warehouse and distribution facility is located at 9 Otis Street, Building 2, in Westborough, Massachusetts, within Worcester County. The property boasts a brand-new construction date of 2024, offering modern amenities and efficient design. The entire building is currently vacant and available for immediate occupancy, providing a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease a minimum of 10,000 contiguous square feet. The maximum contiguous space available is 35,000 square feet. The building features a 24-foot ceiling height, providing ample vertical storage capacity. Two loading docks with two dock-high doors ensure efficient loading and unloading operations. The property sits on a three-acre lot, offering ample space for truck maneuvering and potential future expansion. The building is zoned IB and offers 800A, 480V, 3-phase power. Parking is provided at a 2.5 parking space ratio. This prime location in Westborough offers easy access to major transportation routes, making it an ideal location for distribution and logistics businesses. Delivery is expected in September 2024.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,925,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,280,000
- 6.5%
- $4,995,000
- 7%
- $5,060,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,755,000
- Geo Method
- $5,025,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,280,000
- Retail
- $5,405,000
- Mixed-Use
- $4,780,000
- Hospitality
- $5,605,000
- Educational
- $4,880,000
- Residential Income
- $5,065,000
- Energy
- $5,065,000
- Income-Based Land
- $4,375,000
- Food Service
- $5,855,000
Location Insight
- Map
- Local Demand
- City
- Westborough
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.6388
- Latitude
- 42.2729
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA