77 Main StHopkinton, MA 01748

  • Office buildings
  • 57,744 SF
For Lease
$324/SF/YR View listing

Property Details for 77 Main St

Year built
2000
Construction
STEEL FRAME
Lot size
10.49 AC
Property size (Sq ft)
57,744 SF
Zone code
BD
Property type
Office buildings
APN
HOPK M:0U16 B:0259 L:0
APU
HOPKM0U16B0259L0

Description

77 Main Street offers exceptional Class A office space in the heart of Hopkinton, MA. This prime location boasts easy access to Route 495, making it highly convenient for commuters. The building totals 55,000 square feet and features multiple tenancy options. Currently available are two distinct suites: a larger, lower-level space ranging from approximately 3,000 to 6,070 square feet, including a roughly 1,800 square foot lab area equipped with tiled floors and a dedicated humidifier system. This suite also offers a reception area, multiple private offices, and an open workspace. Additionally, a smaller, first-floor suite of approximately 815 square feet is available, comprising one private office and an open area. Both suites are within a beautifully maintained Class A building with ample parking and handicap accessibility. The minimum divisible space is 815 square feet, with a maximum contiguous space of 6,070 square feet. A total of 6,885 square feet is currently vacant across these two suites. This property presents a unique opportunity for businesses seeking modern, efficient, and conveniently located office space in Middlesex County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,546,808
    6.5%
    $8,812,438
    7%
    $8,182,978
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,544,831
    Geo Method
    $7,544,831
  • Alternative Use

    Use
    Valuation
    Residential
    $10,927,423
    Hospitality
    $10,009,461
    Educational
    $8,327,754
    Medical
    $8,614,158
    Retail
    $12,954,284
77 Main St, Hopkinton, Massachusetts

Location Insight

City
Hopkinton
County
Middlesex
State
Massachusetts
Latitude
42.2261
Longitude
-71.5228
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
$147,551
$848,000
$9,258,200
$10,106,200
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