94 Main Street, Northborough, MA, 01532

94 Main Street Northborough, MA 01532

94 Main Street, Northborough, MA, 01532
94 Main Street Northborough
94 Main Street, Northborough, MA, 01532 94 Main Street, Northborough, MA, 01532
FOR SALE
Property Type:
Neighborhood Center
Amount:
$1,495,000
Last Verified:
Aug 12, 2024

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Highlights

  • Further Upside Potential - The property also offers further upside potential through lease up of vacant spaces and commercial parking opportunities.
  • Single Tax Rate - Northborough benefits from a single tax rate, currently set at a low $14.28 per thousand. The lowest in the market area.
  • Long Tenured Tenants
  • Convenient Central MA Location

Description

SVN® Parsons Commercial Group - Boston is pleased to present for sale 94 Main Street in Northborough, MA (the “Property”), a 10,772± square foot, mixed use commercial property on 1.71± acres. There are 12 mixed-use units with flexible tenant terms allowing for an owner/user opportunity.

Northborough is centrally located and in close proximity to I-495, I-290 and the Mass Pike (I-90). Businesses gain a competitive advantage with ready access to major markets and suppliers including Boston, New Hampshire, Rhode Island, and Connecticut.


Year Built: 1900
Building Size: 10772sq ft
Lot Size: 1.71 acres

Map of 94 Main Street, Northborough, MA, 01532

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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.