264 Cordaville RdSouthborough, MA 01772

Property Details for 264 Cordaville Rd

Year built

1942

Construction

FRAME

Lot size

0.25 AC

Property size (Sq ft)

756 SF

Zone code

RB

Property type

Auto shops

APN

SBOR M:009.0 B:0000 L:0011.0

APU

SBORM0090B0000L00110

Description

This exceptional 756-square-foot industrial property, located at 264 Cordaville Rd in Southborough, Massachusetts (01772), presents a unique investment opportunity. Built in 1942, the building sits on a 0.25-acre lot and features a two-bay auto repair shop configuration with three drive-in doors. The existing structure includes approximately 576 square feet of warehouse space, 180 square feet of office space, and 252 square feet of storage, all under a 12-foot ceiling. The property boasts ample parking for approximately 21 vehicles and a single restroom. A significant advantage is the availability of a car dealer license, expanding potential uses and revenue streams. The property is zoned as Residence B, and buyers are responsible for conducting their own due diligence regarding permitted uses and zoning compliance. Owner financing may be available for qualified buyers. This versatile property is ideal for a variety of uses, from continuing its current operation as an auto repair shop to expanding into a full-fledged car dealership, or adapting to other suitable commercial ventures. The property's convenient location and existing infrastructure make it a highly attractive investment. The net rentable area is 756 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $183,734

  6.5%

  $169,601

  7%

  $157,487

• Comparable approach

  Method

  Valuation

  Relative Method

  $248,923

  Geo Method

  $248,923

• Alternative Use

  Use

  Valuation

  Residential

  $143,065

  Hospitality

  $131,047

  Educational

  $109,029

  Medical

  $112,779

  Retail

  $169,601

Location Insight

City

Southborough

County

Worcester

State

Massachusetts

Latitude

42.2713

Longitude

-71.5228

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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