515 Groton RdWestford, MA 01886

Property Details for 515 Groton Rd

Year built

2000

Construction

STEEL FRAME

Lot size

6.50 AC

Property size (Sq ft)

25,600 SF

Zone code

IA

Property type

Office buildings

APN

WFOR M:0046.0 P:0016 S:0001

APU

WFORM00460P0016S0001

Description

This exceptional office property at 515 Groton Road in Westford, Massachusetts, offers a diverse range of leasing options. Located in Middlesex County, this 25,600 square foot building provides multiple tenancy opportunities. On the first floor, several single private offices are available, ranging from approximately 100 to 143 square feet. These offices can be furnished, requiring only the tenant's phone and internet connection. Utilities, including gas, electric, water, and sewer, are conveniently included in the base rent. Larger suites are also available on the second floor, accessible by elevator, ranging from 1,100 to 6,000 square feet. These suites feature perimeter offices and open space ideal for workstations or cubicles. Additional space is available on the lower level, perfect for storage, meetings, or even an electrical lab, with sizes ranging from 1,100 to 4,800 square feet. All tenants have access to shared conference rooms and break areas. The building enjoys a convenient location, less than a mile from Route 3 and situated on Route 40/Groton Road. This property presents a unique opportunity for businesses seeking flexible and well-appointed office space in a desirable Westford location. The zip code is 01886.

• CAP approach

  CAP return

  Valuation

  6%

  $4,232,444

  6.5%

  $3,906,872

  7%

  $3,627,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,344,896

  Geo Method

  $3,344,896

• Alternative Use

  Use

  Valuation

  Residential

  $4,844,522

  Hospitality

  $4,437,556

  Educational

  $3,691,994

  Medical

  $3,818,968

  Retail

  $5,743,102

Location Insight

City

Westford

County

Middlesex

State

Massachusetts

Latitude

42.6257

Longitude

-71.4168

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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