Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 73481502

HOA Y/N false

Year Built 1998

Annual Tax Amount $99

Tax Year 99

Lot Size 3.810 Acres

Acres 3.81

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.

Location

State MA

County Worcester

Zoning 99

Direction 251 Turnpike Road Southborough, MA 01772

Others

Senior Community false

Read Less Info

Listed by Boston Realty Advisors

Nearby School & Business

Get More Information

Tiffany Jacquier

+1(413) 530-0305

Broker | License ID: 9530613, 0790302

Broker License ID: 9530613, 0790302

251 Turnpike Road Southborough, MA 01772