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FOR SALE: Northborough, MA | 100% Leased Cornerstone Square Neighborhood Center on Route 20

Market Price

292 Main Street, Northborough, MA 01532

Active
Last Updated: 06/16/2026

14,120 sqft

Building Size

1.5 acres

Lot Area

Details:
Building Size:    14,120 sqft
Lot Area:    1.5 acres
Occupancy:    100%
Units:    12
Year Built:    1985
Floors:    2
Parking Spots:    65
Highlights:
  • Established Neighborhood Center - 100% leased with 12 flexible-size suites and a diverse tenant mix.
  • Strong Tenant Retention - Historically high occupancy with median tenant tenure exceeding 13 years.
  • Prominent Signalized Location - Positioned at the intersection of Route 20 & Bartlett Street with exposure to 12,333± vehicles per day.
  • Excellent Regional Access - Convenient access to I-495, I-290, and the Massachusetts Turnpike (I-90).
  • Affluent MetroWest Trade Area - Located near Northborough Crossing and supported by strong demographics, including $213K+ average household income within one mile.
  • Future Upside Potential - Opportunity to increase value through lease rollover and rental rate optimization.
  • Low Tax Environment - Northborough features a favorable single tax rate of $14.82 per $1,000 of assessed value.
Description:

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.

292 Main Street is nicely positioned within the Route 20 corridor in Central Massachusetts. With easy access to major highways and close proximity to popular shopping destinations, there is no shortage of potential customers. It is minutes away from Northborough Crossing, one of the largest mixed-use open-air shopping centers in Central Massachusetts and home to the first Wegmans in Massachusetts.

The demographics and traffic counts are favorable and further enhance the stability of the property. The property is situated in a thriving and growing market area known for its strong consumer base and high traffic flow. Surrounded by a mix of residential, office, and retail spaces, this prime location presents an incredible opportunity for investors and prospective tenants.

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