365 Codman Hill RdBoxborough, MA 01719

  • Truck terminals
  • 480 SF
For Sale

Property Details for 365 Codman Hill Rd

Year built
1945
Construction
FRAME
Lot size
3.62 AC
Property size (Sq ft)
480 SF
Zone code
C
Property type
Truck terminals
APN
BOXB M:12 B:022 L:000
APU
BOXBM12B022L000

Description

This exceptional 5.77-acre industrial land parcel presents a unique investment opportunity in Boxborough, Massachusetts. Located in Middlesex County, at 365 Codman Hill Road, zip code 01719, this property boasts a commercially zoned lot, offering significant potential for various industrial uses. The land is situated conveniently near Route 111 and I-495, providing easy access to major transportation arteries. While the total acreage is 5.77 acres, approximately 1 acre is currently considered usable, with potential for future expansion on the remaining land. The property features an existing concrete slab and approximately 464 feet of frontage. The current lease on the property expires June 5th, 2025, leaving a remaining lease term of approximately 0.5 years. This property spans two parcels, extending into Harvard, MA. Its strategic location and ample space make it an ideal site for a contractor's yard, landscaper's depot, or similar industrial operations. The commercial zoning ensures flexibility for a range of development possibilities. This is a rare opportunity to acquire a well-positioned industrial land parcel with significant growth potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $90,835
    Hospitality
    $83,204
    Educational
    $69,225
    Medical
    $71,606
    Retail
    $107,683
365 Codman Hill Rd, Boxborough, Massachusetts

Location Insight

City
Boxboro
County
Middlesex
State
Massachusetts
Latitude
42.4796
Longitude
-71.5559
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,136
$262,300
$13,600
$275,900
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