4 Preston CtBedford, MA 01730

Property Details for 4 Preston Ct

Year built

1971

Construction

STEEL FRAME

Lot size

1.38 AC

Property size (Sq ft)

24,360 SF

Zone code

IND

Property type

Life science properties

APN

BEDF M:072 P:0015-A

APU

BEDFM072P0015A

Description

This exceptional investment opportunity presents a 24,751+/- square foot, two-story Class B office building situated on a 1.38-acre lot in Bedford, Massachusetts (01730), at 4 Preston Ct. The property, built in 1974 and renovated in 1999, features 13,280 square feet of net rentable space currently 68% occupied across six units. The flexible layout is ideal for office, R&D, lab, biotech, or light manufacturing uses, supported by a 4,500 lb capacity passenger/freight elevator. The IND-B zoning allows for a variety of uses. Ample parking is provided at a rate of 3.64 spaces per 1,000 square feet. This multi-tenant property benefits from its strategic location near Lexington's Hartwell Avenue, offering easy access to Routes 2, 3, 128, and 225, as well as proximity to Hanscom Air Force Base and the Minuteman Bike Path. The area boasts a dense concentration of highly skilled professionals (approximately 16,053 within a 3-mile radius), with notable neighbors including Thermo Fisher Scientific, Stoke, Diversified Technologies, Cubic PV, and UCB. The property is also surrounded by conservation land, creating a desirable work environment. A recent Thermo Fisher Scientific lease renewal underscores the location's appeal. The significant vacancy presents an opportunity to increase net operating income (NOI) through leasing or owner-occupancy. This property offers a compelling combination of location, flexibility, and growth potential.

• Alternative Use

  Use

  Valuation

  Residential

  $4,609,865

  Hospitality

  $4,222,612

  Educational

  $3,513,163

  Medical

  $3,633,986

  Retail

  $5,464,920

Location Insight

City

Bedford

County

Middlesex

State

Massachusetts

Latitude

42.4828

Longitude

-71.2639

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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