10 Cedar StWoburn, MA 01801

Property Details for 10 Cedar St

Year built

1989

Construction

FRAME

Property size (Sq ft)

762 SF

Zone code

OP

Property type

Office properties

APN

WOBU M:32 B:01 L:07 U:3A

APU

WOBUM32B01L07U3A

Description

This 1,005-square-foot executive office condominium is located at 10 Cedar St, Woburn, MA 01801, within the Chestnut Green Condominiums complex. The property, built in 1989, is a Class B office space in a Victorian-style building, part of a two-building, three-story complex. Currently vacant, this fee-simple ownership opportunity offers immediate occupancy. The unit features four private offices and a bullpen area suitable for cubicles or administrative work. The building includes an elevator and ample parking with 50 spaces available. The property's zoning is OP, and its convenient location offers easy access to major highways (Routes 93 and 128), public transportation, the Woburn post office, and numerous retail establishments and restaurants. The asking price for this exceptional property is $329,000. Its proximity to Routes 128/95 and 93 provides a quick commute to Boston. This is a rare opportunity to acquire a well-located, move-in ready office space in a desirable Woburn location.

• CAP approach

  CAP return

  Valuation

  6%

  $125,981

  6.5%

  $116,290

  7%

  $107,984

• Comparable approach

  Method

  Valuation

  Relative Method

  $99,563

  Geo Method

  $99,563

• Alternative Use

  Use

  Valuation

  Residential

  $144,200

  Hospitality

  $132,087

  Educational

  $109,895

  Medical

  $113,674

  Retail

  $170,947

Location Insight

City

Woburn

County

Middlesex

State

Massachusetts

Latitude

42.4945

Longitude

-71.1259

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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