251 Turnpike Road, Southborough MA 01772
Southborough, MA 01772
$5,000,000
$4,800,000
Est. $24,480/month
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About this home
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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Recently Sold Nearby
Property History
Market Insights
2
Price Changes
4%
Price Range
Property Timeline
Price Reduced
Apr 7, 2026
$4,800,000
$75,000
(-1.54%)
From $4,875,000 to $4,800,000 (-1.5%)
Price Reduced
Mar 31, 2026
$4,875,000
$125,000
(-2.5%)
From $5,000,000 to $4,875,000 (-2.5%)
Listed for Sale
Mar 2, 2026
$5,000,000
Original listing
Office: Boston Realty Advisors
| 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 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 99 | $99 | — |
Financial Details
Annual Property Tax
$99
Tax Year 99
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1998
Lot Size
3.81 acres
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
None
Financial
Annual Tax
$99
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Worcester
Property Overview
Listing Type
For Sale
Year Built
1998
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1998
Structure Type:
Exterior Materials:
Roof:
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Northborough-Southborough School District local
School Safety
2024-25
0.0%
Very Low (Safest)
5.5% below state avg
Elementary Schools
3 schools
A+
Margaret A Neary School
0.3 mi
|
#56 of 825
|
Score: 61.9
Improved 62 spots from last year
+3.7 above state avg
263 students
Diverse
Rising School
Strong Attendance
Grades 04-05
Fay School
0.9 mi
Grades 01-09
A+
Albert S. Woodward Memorial School
1.1 mi
|
#32 of 825
|
Score: 63.8
Improved 8 spots from last year
+5.6 above state avg
275 students
Diverse
Strong Attendance
Grades 02-03
Middle Schools
3 schools
A
P. Brent Trottier Middle School
0.7 mi
|
#45 of 352
|
Score: 57.8
Dropped 27 spots from last year
-0.4 below state avg
430 students
Moderate
Strong Attendance
Grades 06-08
A
Ashland Middle School
4.2 mi
|
#71 of 352
|
Score: 52.9
Improved 3 spots from last year
-5.3 below state avg
678 students
Diverse
Diverse Student Body
Grades 06-08
C
1 LT Charles W. Whitcomb School
4.6 mi
|
#274 of 352
|
Score: 34.4
Improved 16 spots from last year
-23.8 below state avg
944 students
Diverse
Grades 06-08
High Schools
3 schools
St. Mark School
1.3 mi
Grades 09-12
A
Advanced Math and Science Academy Charter School
3.5 mi
|
#71 of 346
|
Score: 64.1
Improved 11 spots from last year
+5.9 above state avg
963 students
Diverse
Strong AP Program
High Graduation Rate
College Ready Curriculum
Grades 06-12
New River Academy
4.1 mi
Grades 07-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$8
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
251 Turnpike Road, Southborough MA 01772
Southborough, MA 01772
Listing Information
Listing Agent
Nicholas Herz
Listing Office
Boston Realty Advisors
Office Phone
617-375-7900
Agent MLS ID
CN259247
Office MLS ID
AN8461
Listing Data Updated
Apr 11, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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