251 Turnpike Road, Southborough, MA 01772
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$4,875,000
Type: Industrial
Lease Type N/A
SQFT: N/A
N/A Restrooms
Parking: N/A

Property Description

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.

Property Details tap to expand

Property Information

  • Type: Industrial
  • Location: Other (See Remarks)
  • MLS ID#: 73481502

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/31/2026Price Change$4,875,000MLSPIN
03/06/2026Active$5,000,000MLSPIN
03/02/2026New$5,000,000MLSPIN
12/09/2025Temporarily Withdrawn$4,500,000$300MLSPIN
11/21/2025Active$4,500,000$300MLSPIN
11/17/2025Reactivated$4,500,000$300MLSPIN
11/15/2025Expired$4,500,000$300MLSPIN
10/21/2025Active$4,500,000$300MLSPIN
10/17/2025Price Change$4,500,000$300MLSPIN
10/03/2025Active$4,700,000$313MLSPIN
09/29/2025Price Change$4,700,000$313MLSPIN
09/14/2025Active$5,000,000$333MLSPIN
09/10/2025Price Change$5,000,000$333MLSPIN
08/17/2025Active$5,050,000$337MLSPIN
08/13/2025Price Change$5,050,000$337MLSPIN
07/12/2025Active$5,150,000$343MLSPIN
07/08/2025Price Change$5,150,000$343MLSPIN
06/08/2025Active$5,200,000$347MLSPIN
06/04/2025New$5,200,000$347MLSPIN
04/29/2025Canceled$5,500,000MLSPIN
04/18/2023Active$5,500,000MLSPIN
04/14/2023New$5,500,000MLSPIN

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Seller's Representative: Nicholas Herz, Boston Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-03-31 09:21:00