468 Great RdActon, MA 01720

Property Details for 468 Great Rd

Year built

1998

Lot size

1.33 AC

Property size (Sq ft)

14,304 SF

Property type

Office properties

APN

ACTO M:00C4 B:0021 L:0005

APU

ACTOM00C4B0021L0005

Description

This exceptional two-story office building, situated on a 2.87-acre lot in Acton, MA, offers a blend of functionality and elegance. Built in 1998, the 14,845 square foot building boasts a distinctive foyer bathed in natural light, creating a welcoming atmosphere. Currently, there is 2,500 square feet of vacant space available, including one contiguous 1,378 square foot suite, ideal for a variety of businesses. The property is zoned for business use and features 65 convenient parking spaces, ensuring ample accommodation for tenants and their clients. The building is equipped with elevators and a modern HVAC system, enhancing both accessibility and comfort. Fire safety is prioritized with a comprehensive sprinkler system throughout. Its strategic location provides easy access to major transportation arteries, including Route 2 and I-495, offering seamless connectivity for commuters. The building's proximity to local amenities further enhances its appeal, making it a desirable location for businesses seeking a convenient and well-connected workspace. This property presents a unique opportunity for businesses seeking a well-maintained, spacious, and conveniently located office space in a thriving community. The building's features, combined with its prime location, make it an attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,364,878

  6.5%

  $2,182,965

  7%

  $2,027,039

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,868,961

  Geo Method

  $1,868,961

• Alternative Use

  Use

  Valuation

  Residential

  $2,706,876

  Hospitality

  $2,479,484

  Educational

  $2,062,902

  Medical

  $2,133,848

  Retail

  $3,208,958

Location Insight

City

Acton

County

Middlesex

State

Massachusetts

Latitude

42.5134

Longitude

-71.4255

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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