For Sale: 7,800± SF Multi-Tenant Retail Center on Route 9

3-11 Turnpike Road Southborough, MA 01772

3-11 Turnpike Road, Southborough, MA, 01772
3-11 Turnpike Road Southborough, MA 01772 (View Looking Westbound)
3-11 Turnpike Road, Southborough, MA, 01772 3-11 Turnpike Road, Southborough, MA, 01772 3-11 Turnpike Road, Southborough, MA, 01772 3-11 Turnpike Road, Southborough, MA, 01772 3-11 Turnpike Road, Southborough, MA, 01772 3-11 Turnpike Road, Southborough, MA, 01772 3-11 Turnpike Road, Southborough, MA, 01772 3-11 Turnpike Road, Southborough, MA, 01772
FOR SALE
Property Type:
Strip Center
Amount:
Please Call Broker for Price

Last Verified:
Mar 19, 2024

Highlights

  • Exceptional Traffic Counts - 37,124±ADT (Turnpike Road).
  • Strong Demographics - $186,432 Median Household Income.
  • Single Tax Rate - Southborough benefits from a single tax rate, currently set at a low $13.91 per thousand. The lowest in the market area.
  • Convenient Traveler Location - Located on the westbound side of Route 9 on the Southborough/Framingham line. Minutes to I-90 or Route 495. 3-11 Turnpike is a convenient center to stop during commuting.
  • Destination Retail Market - Minutes from the "Golden Triangle" (Framingham/Natick) one of New England’s largest retail districts.

Description

SVN® Parsons Commercial Group - Boston is pleased to present for sale 3-11 Turnpike Road, Southborough, MA, (the “Property”), a 7,778± square foot, retail asset on Route 9 MA with 457' of frontage on 0.83± acres.

3-11 Turnpike Road is located on the westbound side of Route 9 on the Southborough/Framingham line. Route 9 properties are sought after due to their high traffic counts - currently 37,000± (ADT).

The property is also conveniently located just 1-mile from the Mass Pike (Exit 11) and approximately 5.5 miles to Route 495.

The property is 95% occupied with just a single office space available for a property manager, owner, or generate additional income.

The property presents a dynamic opportunity for an investor to acquire a well positioned asset just outside of one of New England’s largest retail districts, known as the “Golden Triangle" in the Greater Boston market.

Southborough is a charming town located in Greater Boston MSA. Situated approximately 25 miles west of Boston, it offers a perfect blend of suburban tranquility and access to urban amenities.

Southborough is characterized by its historic New England architecture, with quaint colonial-style homes and buildings dotting its landscape. The town center exudes a quaint charm, featuring local shops, restaurants, and community spaces that foster a strong sense of community.


Year Built: 1985
Building Size: 7778sq ft
Building Class: B
Lot Size: 0.83 acres

Map of 3-11 Turnpike Road, Southborough, MA, 01772

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.