41 Village SqChelmsford, MA 01824

Property Details for 41 Village Sq

Year built

1980

Property size (Sq ft)

1,175 SF

Zone code

CD

Property type

Office properties

APN

CHEL M:0073 B:0319 L:8 U:41

APU

CHELM0073B0319L8U41

Description

This 1,175-square-foot Class B office condo is available for sale at 41 Village Square in Chelmsford, Massachusetts, zip code 01824. Located within the Village Square Professional Center, this vacant end unit boasts exceptional natural light and high visibility from Fletcher Street. The space features a well-designed layout including a reception area, a conference room, two large private offices, two additional smaller offices or workstations, and a convenient kitchenette. The asking price is $404,000, translating to $343.83 per square foot. This property offers easy access to major roadways, including I-495 and Route 3, providing convenient commuting for employees and clients. The surrounding area is rich with amenities, including restaurants, banks, fitness centers, and hotels, enhancing the convenience and appeal of this location. Ideal for a variety of professional uses, this space is particularly well-suited for medical practices (physicians, dentists), legal professionals (lawyers), or accounting firms. The property's prime location and functional design make it an attractive investment opportunity. This is a rare opportunity to acquire a well-situated, move-in ready office condo in a thriving professional center.

• CAP approach

  CAP return

  Valuation

  6%

  $194,263

  6.5%

  $179,319

  7%

  $166,511

• Comparable approach

  Method

  Valuation

  Relative Method

  $153,526

  Geo Method

  $153,526

• Alternative Use

  Use

  Valuation

  Residential

  $222,356

  Hospitality

  $203,677

  Educational

  $169,457

  Medical

  $175,285

  Retail

  $263,599

Location Insight

City

Chelmsford

County

Middlesex

State

Massachusetts

Latitude

42.5995

Longitude

-71.3506

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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