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.
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| Year | Land | Building | Total | Change |
|---|---|---|---|---|
| FY2025 | $367,700 | $2,106,200 | $2,617,500 | — |
| Date | Price | Book/Page |
|---|---|---|
| Aug 20, 2015 | $2,700,000 | 54183/296 |
Permit history not yet available for this municipality.
| Field | Assessor | MLS | Match |
|---|---|---|---|
| Year built | 1,998 | 1,998 | ✓ |
251 Turnpike Road, Southborough MA 01772
Southborough, MA 01772
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 04/07/2026 | ↓ Price Reduced | $4,800,000 | $75,000 | - | From $4,875,000 to $4,800,000 (-1.5%) |
| 03/31/2026 | ↓ Price Reduced | $4,875,000 | $125,000 | - | From $5,000,000 to $4,875,000 (-2.5%) |
| 03/02/2026 | 🏠 Listed for Sale | $5,000,000 | - | - | Original listing |
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