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Properties

  • 251 Turnpike Road, Southborough, Massachusetts, ,Commercial Sale,For Sale,Turnpike Road,73481502
  • 251 Turnpike Road, Southborough, Massachusetts, ,Commercial Sale,For Sale,Turnpike Road,73481502
  • 251 Turnpike Road, Southborough, Massachusetts, ,Commercial Sale,For Sale,Turnpike Road,73481502
  • 251 Turnpike Road, Southborough, Massachusetts, ,Commercial Sale,For Sale,Turnpike Road,73481502
  • 251 Turnpike Road, Southborough, Massachusetts, ,Commercial Sale,For Sale,Turnpike Road,73481502
  • 251 Turnpike Road, Southborough, Massachusetts, ,Commercial Sale,For Sale,Turnpike Road,73481502
  • 251 Turnpike Road, Southborough, Massachusetts, ,Commercial Sale,For Sale,Turnpike Road,73481502
  • 251 Turnpike Road, Southborough, Massachusetts, ,Commercial Sale,For Sale,Turnpike Road,73481502
  • 251 Turnpike Road, Southborough, Massachusetts, ,Commercial Sale,For Sale,Turnpike Road,73481502
  • 251 Turnpike Road, Southborough, Massachusetts, ,Commercial Sale,For Sale,Turnpike Road,73481502
  • 251 Turnpike Road, Southborough, Massachusetts, ,Commercial Sale,For Sale,Turnpike Road,73481502
  • 251 Turnpike Road, Southborough, Massachusetts, ,Commercial Sale,For Sale,Turnpike Road,73481502
Property Description

251 Turnpike Road is a 3.81 acre site improved by a highly functional 15,500 SF light industrial building located along Route 9 in Southborough, MA. The property is 100% leased to two tenants, and priced at a 7.5% cap rate, offering investors long-term, and stable cash flow. The anchor tenant, occupying 10,500 SF, is an established dealership with 13-years of term and annual CPI rent increases. The second tenant has invested a significant amount of capital into its 5,000 SF and adds a complementary automotive use to building. The property offers convenient access to I-495 and exceptional visibility with approximately 600 feet of frontage. This stretch of Route 9 has signalized intersections about one mile in both directions and sees an average of 50,500 vehicles per day. The underlying zoning allows for a variety of uses and the ability to expand the existing building 35,190 SF.

Additional Information
Tax Year:
99
Status:
Active
Zoning:
99
Orig Price:
$5,000,000
Waterfront:
No
MlsStatus:
Active
Address Map
City:
Southborough
State:
MA
County:
Worcester
Postal Code:
01772
Longitude:
W72° 27' 39.8''
Latitude:
N42° 17' 28.3''
  • Google Map

Commercial Sale

251 Turnpike Road, Southborough, Massachusetts

3.81 Acre
$4,800,000
Listing ID #73481502
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Price :
$4,800,000
Year Built :
1998
Lot Area :
3.81 Acre
Listing ID :
73481502
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Agent info
Robb Enterprises
  • Stephen E. Robb
  • View website
  • 617-212-0251
  • srobb@robbenterprises.com

Contact Agent

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

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