347 Middlesex RdTyngsborough, MA 01879

Property Details for 347 Middlesex Rd

Year built

2016

Construction

STEEL FRAME

Lot size

11.09 AC

Property size (Sq ft)

38,500 SF

Zone code

B3

Property type

Showrooms

APN

TYNG M:019 B:0009 L:0

APU

TYNGM019B0009L0

Description

This exceptional 40,000-square-foot industrial property, situated on an expansive 11-acre lot in Tyngsborough, Massachusetts, presents a unique investment opportunity. The building, previously used as a marble company headquarters, boasts a versatile layout encompassing showroom, office, warehouse, and manufacturing space. Features include a 24-foot ceiling height, four loading docks, eight drive-ins, and ample gated parking. The property benefits from robust power capabilities exceeding 1,000 amps, 3-phase, 4-wire service. Zoned B3 (Business 3 General Shopping), the site allows for a wide range of uses, including but not limited to manufacturing (with retail component), agricultural, assisted living, auto dealerships, breweries, daycares, distilleries, educational facilities, hotels, nursing homes, recreational uses, restaurants, and veterinary clinics. The building's prime location offers excellent visibility overlooking Route 3A. The substantial lot size allows for the potential construction of an additional building up to 60,000 square feet. This is a rare opportunity to acquire a high-quality, versatile industrial property in a desirable location. The entire 40,000 square feet is currently vacant and available for immediate occupancy. The property is located at 347 Middlesex Road, Tyngsborough, MA 01879.

• CAP approach

  CAP return

  Valuation

  6%

  $9,356,844

  6.5%

  $8,637,087

  7%

  $8,020,152

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,676,633

  Geo Method

  $12,676,633

• Alternative Use

  Use

  Valuation

  Residential

  $7,285,706

  Hospitality

  $6,673,668

  Educational

  $5,552,413

  Medical

  $5,743,369

  Retail

  $8,637,087

Location Insight

City

Tyngsboro

County

Middlesex

State

Massachusetts

Latitude

42.6864

Longitude

-71.4294

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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