524 Main StActon, MA 01720

Property Details for 524 Main St

Year built

1986

Construction

FRAME

Lot size

7.51 AC

Property size (Sq ft)

8,994 SF

Property type

Office buildings

APN

ACTO M:00E4 B:0024 L:0000

APU

ACTOM00E4B0024L0000

Description

This exceptional 4.23-acre parcel at 524 Main Street in Acton, Massachusetts, presents a unique investment opportunity. Located in Middlesex County, zip code 01720, this property boasts prime visibility with direct frontage on Main Street. Currently zoned Light Industrial (LI-1), the land offers considerable flexibility for various uses, including warehouse, manufacturing, office, and healthcare facilities. The zoning designation also allows for the potential development of a 40B planned residential project, subject to obtaining the necessary special permits. This presents a compelling opportunity to capitalize on the growing demand for both commercial and residential spaces in the Acton area. The site's strategic location provides excellent access to major transportation arteries, including Route 2 and I-495, ensuring convenient connectivity for both employees and residents. With its substantial size, versatile zoning, and advantageous location, this property is ideally suited for developers, investors, or end-users seeking a high-impact development project in a thriving Massachusetts community. The coordinates are 42.4836453 latitude and -71.4418101 longitude. This is a rare chance to acquire a significant land parcel in a desirable location with multiple development possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,486,977

  6.5%

  $1,372,594

  7%

  $1,274,552

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,175,156

  Geo Method

  $1,175,156

• Alternative Use

  Use

  Valuation

  Residential

  $1,702,017

  Hospitality

  $1,559,038

  Educational

  $1,297,101

  Medical

  $1,341,711

  Retail

  $2,017,713

Location Insight

City

Acton

County

Middlesex

State

Massachusetts

Latitude

42.4913

Longitude

-71.4292

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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