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Commercial / Office Building For Sale 3 Survey Circle, North Billerica, MA 01862

November 18, 2020: Boston's commercial real estate market is still one of the strongest in the nation. While there's no denying that the commercial market has seen some changes in 2020, it's this change that opens up new opportunity for multi-tenant office-buildings located outside dense urban centers - particularly while commercial loan interest rates are as low as 3.5%.

What does this mean for commercial property owners and investors?

Opportunity

The Property

When you turn off of Route 129 and proceed to the end of the culdesac on Survey Circle, you'll find a two-story office building abutting conservation land and surrounded by spacious grounds. This 9,216 +/- square foot office building sits on 1.26 acres and hosts approximately 46 shared, on-site parking spaces.

3 Survey Circle, Billerica, Massachusetts is for sale for $1,380,000

Specifications

  • Two-story office building
  • 9,216 +/- sf (4,608 +/- sf per floor)
  • Consisting of 4 condominiums, each 2,304 +/- sf
  • 46 +/- parking spaces
  • Lot Size: 54,951 +/- sf (1.26 acres)
  • Frontage: 150 feet
  • 30-foot drain easement
  • New roof (June 2020)
  • Gas and electric heat
  • 3 HVAC units and 1 Heat Pump Unit
  • Attic for mechanicals
  • Fire sprinklers
  • On-site Septic System (proposed sewer line per Town of Billerica maps)
  • Zoned: General Business

Office Space

This 2-story building is made up of four 2,304 +/- condominium office suites (2 per floor). Upon the sale, the property is expected to be delivered vacant, which provides an opportunity for an owner-user to occupy one suite, multiple suites, or to bring in lease tenants at current market rates.

Investors can request our pro-forma investment projection analysis.

Zoning

Per the Town of Billerica Assessors: The property is located in the General Business zone in a Planned Unit Development overlay district.

Source: Town of Billerica / mapsonline.net

Parking

3 Survey has approximately 46 parking spaces.

Potential Uses

According to the Town of Billerica Table of Use Regulations, some General Business uses include:

  • Business (bank, offices, pet shop, veterinarian, personal services)
  • Commercial (garage, parking of commercial vehicles, repair shop, retail store)
  • Agricultural, Educational, Government, Recreational, Religious, Residential, and Utilities.
  • Refer to the Town of Billerica Table of Use Regulations for details (pages 71-75)

Location & Area Amenities

3 Survey Circle is conveniently located to access points north to New Hampshire and south to Boston. The property is located just off Route 3A and 129. It is 1 mile from Route 3 and approximately 3 miles to Route 495.

Local amenities for you, your clients, or your tenants to enjoy include grocery store, coffee shops, restaurants, retail shopping, post office, banks, urgent care, dental, and more.

For More Information, Contact:

Edward Carbone, CCIM

Office 781-935-5444

Edward@CarboneRE.com

CarboneRE.com