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Investment Highlights

  • Investment portfolio great for anyone looking for expansion.
  • Approximately 6 acres with subdivision potential.
  • Approximately 1 mile from I-495 and 3 miles from the Massachusetts Turnpike.
  • All properties on the area creating a large lot.
  • Municipal water and sewer available to the property.
  • Located near major national retailers, entertainment venues, and auto dealerships.

Executive Summary

Offered for sale at $6,900,000, this approximately 6-acre assemblage at 223-221 Turnpike Road and 171 Milk Street presents a rare redevelopment and investment opportunity along Westborough's Route 9 commercial corridor. The property benefits from approximately 900 feet of combined frontage, three curb cuts, municipal water and sewer service, and visibility from a heavily traveled section of Route 9 with reported traffic counts of approximately 114,000 vehicles per day.
The location provides exceptional regional connectivity, situated approximately one mile from Interstate 495, three miles from the Massachusetts Turnpike (I-90), and within convenient reach of Boston, Worcester, Logan International Airport, and the Port of Boston. Westborough's position at the intersection of Route 9, I-495, and I-90 has established the community as a significant commercial and employment center within the MetroWest market, supporting a broad range of business and development activity.
Existing improvements include a five-unit apartment building at 223 Turnpike Road, a ranch-style residence at 221 Turnpike Road, and a residential structure at 171 Milk Street. The property's size, frontage, utility availability, and subdivision potential create flexibility for a variety of future development concepts. Potential uses identified include office, warehouse, mixed-use, auto dealership, multifamily, medical, educational, religious, and retail development, subject to local approvals and zoning requirements.
The site is surrounded by established national retailers and regional destination businesses including Target, BJ's Wholesale Club, Kohl's, TJ Maxx, HomeGoods, Staples, Wegmans, CarMax, Regal Cinemas, and numerous automobile dealerships, reinforcing the property's exposure and accessibility within one of Central Massachusetts' most active commercial corridors.

Property Facts

Price $11,068,800 CAD
Price / SF $10,726 CAD / SF
Sale Condition Redevelopment Project
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 1,032 SF
Total Land Area 6.34 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
171 Milk St, Westborough, MA 01581 Land 4.75 AC - -
223 Turnpike Rd, Westborough, MA 01581 Land 1.25 AC - -
221 Turnpike Rd, Westborough, MA 01581 Office 1,032 SF 1960 -
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  • Listing ID: 14718041

  • Date on Market: 2018-12-27

  • Last Updated:

  • Address: 171 Milk St & 221-223 Turnpike Rd, Westborough, MA

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