1565 Main StTewksbury, MA 01876

Property Details for 1565 Main St

Year built

1988

Construction

FRAME

Lot size

0.00 AC

Property size (Sq ft)

775 SF

Zone code

MFD

Property type

Office properties

APN

TEWK M:0073 L:0003 U:B103

APU

TEWKM0073L0003UB103

Description

This 713 square foot office condo, located in the desirable Village Green Office Park at 1565 Main Street, Suite 2207, Tewksbury, MA, presents a fantastic opportunity for businesses seeking a well-appointed and conveniently located workspace. Situated on the second floor of Building 2, this unit features a thoughtfully designed layout including a reception area, two spacious private offices, a storage room, and a utility room. The office benefits from abundant natural light, creating a bright and productive atmosphere. Building amenities include an elevator and conveniently located hallway restrooms. A condo fee of $284 per month covers maintenance, electricity, and water, simplifying operational costs. Ample on-site parking ensures easy access for employees and clients. The property enjoys a prime location on Route 38, a high-traffic area boasting 30,000 vehicles daily, providing excellent visibility for signage and advertising. Its proximity to Routes 93 and I-495 offers easy access to major transportation arteries. The surrounding area is rich with essential services, restaurants, and shopping, creating a vibrant and convenient environment for your business. This turnkey office space is ready for immediate occupancy and offers a compelling combination of functionality, convenience, and visibility. The asking price is $175,000.

• CAP approach

  CAP return

  Valuation

  6%

  $128,131

  6.5%

  $118,274

  7%

  $109,826

• Comparable approach

  Method

  Valuation

  Relative Method

  $101,262

  Geo Method

  $101,262

• Alternative Use

  Use

  Valuation

  Residential

  $146,660

  Hospitality

  $134,340

  Educational

  $111,769

  Medical

  $115,613

  Retail

  $173,863

Location Insight

City

Tewksbury

County

Middlesex

State

Massachusetts

Latitude

42.5961

Longitude

-71.2197

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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