Southborough, MA 01772
Price
Price
+9 images
251 Turnpike Road is a 3.81 acre site improved by a highly functional 15,500 SF light industrial building located along Route 9 in Southborough, MA. The property is 100% leased to two tenants, and priced at a 7.5% cap rate, offering investors long-term, and stable cash flow. The anchor tenant, occupying 10,500 SF, is an established dealership with 13-years of term and annual CPI rent increases. The second tenant has invested a significant amount of capital into its 5,000 SF and adds a complementary automotive use to building. The property offers convenient access to I-495 and exceptional visibility with approximately 600 feet of frontage. This stretch of Route 9 has signalized intersections about one mile in both directions and sees an average of 50,500 vehicles per day. The underlying zoning allows for a variety of uses and the ability to expand the existing building 35,190 SF.
| Property Type | Commercial Sale |
|---|---|
| Property Status | Active |
| Time on Market | 45 days |
| MLS# | 73481502 |
| Lot Size | 165,963 Sq. Ft. |
|---|---|
| Listed Price | $4,800,000 |
| Data Source | MLS PIN |
Commercial Sales
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Listing Courtesy of: Boston Realty Advisors
Listing Agent: Nicholas Herz
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| Property Type | Commercial Sale |
|---|---|
| County | Worcester |
| Waterfront? | No |
| Adult Community | No |
| Acres | 3.81 |
| Town | Southborough |
| ZIP | 01772 |
School data provided by GreatSchools.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
Find out more about GreatSchools ratings.
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