120 Boston RdGroton, MA 01450

Property Details for 120 Boston Rd

Year built

2016

Construction

STEEL FRAME

Lot size

2.98 AC

Property size (Sq ft)

8,324 SF

Zone code

B1

Property type

Medical offices

Property subtype

Medical centers

APN

GROT M:222 B:15 L:

APU

GROTM222B15L

Description

This Class A, two-story medical and traditional office building, totaling 16,000 square feet, presents a unique opportunity. Located in Middlesex County, the property boasts one available suite of 4,000 square feet, ideal for a variety of uses. Currently, a thriving pediatric practice occupies the first floor, creating an established medical environment. The vacant space is easily adaptable for either medical or general office build-out, offering flexibility to suit diverse business needs. Built in 2015, the building features abundant parking, a significant advantage for both staff and clients. The building is comprised of three total suites across its two stories, with a minimum divisible space of 4,000 square feet. This prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a modern, well-maintained space in a thriving area. The building's recent construction ensures modern amenities and efficient layouts. This is an exceptional opportunity to secure high-quality office space in a desirable Middlesex County location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,376,206

  6.5%

  $1,270,344

  7%

  $1,179,605

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,087,614

  Geo Method

  $1,087,614

• Alternative Use

  Use

  Valuation

  Residential

  $1,575,226

  Hospitality

  $1,442,899

  Educational

  $1,200,475

  Medical

  $1,241,761

  Retail

  $1,867,406

Location Insight

City

Groton

County

Middlesex

State

Massachusetts

Latitude

42.5956

Longitude

-71.5598

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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