300 Main StNorthborough, MA 01532

Property Details for 300 Main St

Year built

1997

Lot size

11.09 AC

Property size (Sq ft)

43,335 SF

Zone code

BW

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

NBOR M:0810 L:0011

APU

NBORM0810L0011

Description

This exceptional commercial property at 300 West Main Street, Northborough, MA, offers 6,745 square feet of office space in a Class B building constructed in 1985. Currently, 3,400 square feet is vacant, divisible into units as small as 400 square feet, with a maximum contiguous space of 3,000 square feet. The property features two suites and boasts 16 exclusive parking spots, two ADA-accessible entrances, and drive-through capabilities. Located in the desirable Fox Meadow Crossing office park, directly off Route 20, this property benefits from high visibility and ample parking. The location offers convenient access to a variety of amenities, including restaurants, coffee shops, schools, and numerous retail stores. The property is situated in Worcester County, MA, zip code 01532. A unique opportunity exists for a build-to-suit option, accommodating up to an 11,000 square foot building footprint. The owner is willing to construct a building to suit tenant needs or deliver a warm shell for a long-term lease. The property is part of a well-landscaped, colonial-styled office park in a relaxing environment. Currently, the office park is 100% leased, highlighting the desirability of this location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,884,067

  6.5%

  $8,200,677

  7%

  $7,614,914

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,776,334

  Geo Method

  $8,776,334

• Alternative Use

  Use

  Valuation

  Residential

  $8,200,677

  Hospitality

  $7,511,776

  Educational

  $6,249,710

  Medical

  $6,464,646

  Retail

  $9,721,770

Location Insight

City

Northborough

County

Worcester

State

Massachusetts

Latitude

42.3079

Longitude

-71.6604

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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