1 Maple StMilford, MA 01757

Property Details for 1 Maple St

Year built

2005

Construction

STEEL FRAME

Lot size

6.62 AC

Property size (Sq ft)

22,500 SF

Zone code

IB

Property type

Office buildings

APN

MILF M:45 B:000 L:12

APU

MILFM45B000L12

Description

This exceptional office property at Maple Street offers a total of 22,500 square feet of traditional office space, currently featuring 7,500 square feet of immediately available space. The building is divided into four suites, with two contiguous units totaling 3,650 to 3,850 square feet currently available for lease. Each unit benefits from a flexible layout, ideal for a medium-sized business. The space includes a well-appointed kitchen area and a large conference room, perfect for collaborative work and client meetings. A welcoming reception area is conveniently located off the main building lobby, providing a professional first impression. The entire area is carpeted for comfort and a polished aesthetic. The property's previous use as a medical office is reflected in the existing exam rooms, which could be easily adapted to various business needs. A three-year minimum lease is required. Importantly, there are no common area maintenance (CAM) charges associated with this space. There is also the possibility of combining this unit with Unit 1B for larger tenants requiring more space. This presents a unique opportunity to secure high-quality, adaptable office space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,719,922

  6.5%

  $3,433,774

  7%

  $3,188,505

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,939,850

  Geo Method

  $2,939,850

• Alternative Use

  Use

  Valuation

  Residential

  $4,257,880

  Hospitality

  $3,900,195

  Educational

  $3,244,917

  Medical

  $3,356,514

  Retail

  $5,047,648

Location Insight

City

Milford

County

Worcester

State

Massachusetts

Latitude

42.1398

Longitude

-71.4868

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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