16 Commerce BlvdMiddleborough, MA 02346

  • Office properties
  • 28,000 SF
For Lease
$25/SF/YR View listing

Property Details for 16 Commerce Blvd

Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
3.19 AC
Property size (Sq ft)
28,000 SF
Property type
Office properties
Property subtype
Office buildings
APN
MIDD M:00039 L:4381 U:0000
APU
MIDDM00039L4381U0000

Description

This exceptional office space, located at 16 Commerce Blvd in Middleborough, Massachusetts, offers a flexible layout ideal for various uses, including medical, office, or R&D. Situated within the thriving Middleborough Park @ 495, this property benefits from its strategic location in a growing commercial area of the 495 South Submarket. The building itself is a Class C, traditional office building with a total of 27,958 square feet. Currently, there is 3,500 square feet of vacant space available for lease on the first floor, divisible into units as small as 1,500 square feet and with a maximum contiguous space of 3,500 square feet. The property sits on a 3.19-acre lot, providing ample space and potential for future expansion. The building's proximity to a large, expanding Amazon Hub further enhances its appeal and accessibility. This presents a unique opportunity for businesses seeking a well-located, adaptable space in a dynamic commercial environment. The property's zip code is 02346, and it is located in Plymouth County. This space is perfect for businesses looking to establish or expand their presence in a convenient and rapidly developing area. The flexible floor plan allows for customization to meet specific business needs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,786,706
    6.5%
    $5,341,574
    7%
    $4,960,034
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,658,480
    Geo Method
    $3,658,480
  • Alternative Use

    Use
    Valuation
    Residential
    $6,623,552
    Hospitality
    $6,067,138
    Educational
    $5,047,788
    Medical
    $5,221,389
    Retail
    $7,852,114
16 Commerce Blvd, Middleborough, Massachusetts

Location Insight

City
Middleboro
County
Plymouth
State
Massachusetts
Latitude
41.9062
Longitude
-70.9571
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$61,659
$651,700
$3,645,100
$4,296,800
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