446 Boston RdBillerica, MA 01821

Property Details for 446 Boston Rd

Year built

1987

Construction

STEEL FRAME

Lot size

11.68 AC

Property size (Sq ft)

84,231 SF

Zone code

4

Property type

Super regional malls

APN

BILL M:0051 B:0086 L:2

APU

BILLM0051B0086L2

Description

O'Connor Hardware Plaza, located at 446 Boston Rd in Billerica, MA (Middlesex County, zip code 01821), offers a prime retail or restaurant opportunity within a well-established shopping center. This multi-tenant property boasts a total of 83,162 square feet, with 934 square feet currently available for lease. The property is conveniently situated in Middlesex County, Massachusetts, providing excellent access to a substantial customer base. Ample parking is available with 450 spaces to accommodate shoppers and patrons. The property's classification as a shopping center suggests a vibrant and active commercial environment. The available 934 square feet presents a versatile space suitable for a variety of retail or restaurant concepts. The property's location at 446 Boston Rd in Billerica offers high visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a thriving community. Interested parties are encouraged to inquire about lease terms and explore the potential of this exceptional retail space within O'Connor Hardware Plaza. The property's coordinates are 42.559286 latitude and -71.2668185 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $20,471,074

  6.5%

  $18,896,376

  7%

  $17,546,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,734,168

  Geo Method

  $27,734,168

• Alternative Use

  Use

  Valuation

  Residential

  $15,939,800

  Hospitality

  $14,600,771

  Educational

  $12,147,670

  Medical

  $12,565,447

  Retail

  $18,896,376

Location Insight

City

Billerica

County

Middlesex

State

Massachusetts

Latitude

42.5588

Longitude

-71.2665

CBSA code

14460

CBSA name

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

Property Tax & Assessments

FAQs

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