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292 Main St
Northborough, MA 01532
Cornerstone Square · Retail Property For Sale
Investment Highlights
- Established Neighborhood Center - 100% leased with 12 flexible-size suites and a diverse tenant mix.
- Prominent Signalized Location - Positioned at the intersection of Route 20 & Bartlett Street with exposure to 12,333± vehicles per day.
- Affluent MetroWest Trade Area - Supported by strong demographics, including $213K+ average household income within one mile.
- Strong Tenant Retention - Historically high occupancy with median tenant tenure exceeding 13 years.
- Excellent Regional Access - Convenient access to I-495, I-290, and the Massachusetts Turnpike (I-90).
- Low Tax Environment - Northborough features a favorable single tax rate of $14.82 per $1,000 of assessed value.
Executive Summary
NAI Parsons Commercial Group is pleased to exclusively offer for sale Cornerstone Square located at 292 Main Street, Northborough, Massachusetts (the “Property”). The Property consists of a fully occupied 14,120± square foot neighborhood center situated on a prominent 1.5± acre corner parcel along the highly traveled Route 20 corridor.
Cornerstone Square represents an attractive opportunity to acquire a well-located, fully leased neighborhood retail center with stable tenancy, strong market fundamentals, and long-term investment potential within the Greater Boston marketplace.
Cornerstone Square represents an attractive opportunity to acquire a well-located, fully leased neighborhood retail center with stable tenancy, strong market fundamentals, and long-term investment potential within the Greater Boston marketplace.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,120 SF
Building Class
C
Year Built/Renovated
1985/2023
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.22
Lot Size
1.50 AC
Zoning
BE - BE - Business East Zoning
Parking
60 Spaces (4.25 Spaces per 1,000 SF Leased)
Frontage
175’ on Main (Route 20)
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Number | NBOR-000470-000000-000099 | Improvements Assessment | $2,953,022 CAD |
| Land Assessment | $471,054 CAD | Total Assessment | $3,424,076 CAD |
Property Taxes
Parcel Number
NBOR-000470-000000-000099
Land Assessment
$471,054 CAD
Improvements Assessment
$2,953,022 CAD
Total Assessment
$3,424,076 CAD
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