229 Billerica RdChelmsford, MA 01824

Property Details for 229 Billerica Rd

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.20 AC

Property size (Sq ft)

14,804 SF

Zone code

IA

Property type

Office buildings

APN

CHEL M:0086 B:0328 L:2

APU

CHELM0086B0328L2

Description

This exceptional commercial property, located at 229 Billerica Road in Chelmsford, Massachusetts, presents a significant investment opportunity. The property encompasses a substantial 3.2-acre lot, offering ample space and potential for future development or expansion. The main structure is a 15,000 square foot office building, providing generous space for a variety of business needs. In addition to the office space, the property includes a significant 7,400 square foot garage, ideal for storage, vehicle parking, or potential conversion to additional workspace. The building's layout and features are well-suited for a range of commercial uses, making it an attractive option for businesses seeking a prominent presence in Chelmsford. The property's location offers excellent accessibility and visibility, providing convenient access to major transportation routes and a thriving local community. The asking price for this substantial property is $2,900,000. This represents a compelling opportunity to acquire a well-situated, versatile commercial property with significant potential for return on investment. Serious inquiries are encouraged to explore this unique opportunity further. The property is offered as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $2,447,544

  6.5%

  $2,259,271

  7%

  $2,097,894

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,934,291

  Geo Method

  $1,934,291

• Alternative Use

  Use

  Valuation

  Residential

  $2,801,496

  Hospitality

  $2,566,155

  Educational

  $2,135,011

  Medical

  $2,208,437

  Retail

  $3,321,128

Location Insight

City

Chelmsford

County

Middlesex

State

Massachusetts

Latitude

42.5961

Longitude

-71.3248

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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