290 Littleton RdChelmsford, MA 01824

Property Details for 290 Littleton Rd

Year built

2008

Property size (Sq ft)

17,372 SF

Zone code

CB

Property type

Office properties

APN

CHEL M:0099 B:0405 L:1 U:A

APU

CHELM0099B0405L1UA

Description

This exceptional 23,641 square foot multi-tenant office building, situated at 290 Littleton Road in Chelmsford, Massachusetts (zip code 01824), presents a compelling investment opportunity. Classified as a traditional office space within a retail/office property, this fully built-out space offers a versatile layout ideal for a variety of professional uses. The property boasts ample office space, complemented by conveniently located bathrooms and expansive open areas, providing flexibility for tenant customization. Its prime location on Route 110, strategically positioned between Westford and Chelmsford centers, ensures excellent visibility and accessibility. The property benefits from a strong demographic profile, with a substantial population exceeding 112,000 and average household incomes surpassing $140,000 within a 5-mile radius. This translates to a robust and affluent market for businesses seeking a well-located and functional office space. The building's prominent presence on Littleton Road further enhances its appeal and potential for attracting high-quality tenants. This is a rare opportunity to acquire a well-established and strategically located commercial property in a thriving Massachusetts market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,872,110

  6.5%

  $2,651,179

  7%

  $2,461,809

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,269,826

  Geo Method

  $2,269,826

• Alternative Use

  Use

  Valuation

  Residential

  $3,287,462

  Hospitality

  $3,011,298

  Educational

  $2,505,364

  Medical

  $2,591,528

  Retail

  $3,897,233

Location Insight

City

Chelmsford

County

Middlesex

State

Massachusetts

Latitude

42.5807

Longitude

-71.3886

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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