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243-265 West Main Street

$7,950,000

243-265 West Main Street, Northborough, MA 01532

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Last Updated: 11/18/2025

50,306 sqft

Building Size

 
Details:
Building Size:    50,306 sqft
Highlights:
  • Value-Add Potential – Opportunity to enhance returns through lease-up of remaining vacancies, rental rate growth upon lease rollover, and targeted cosmetic or signage upgrades to further elevate tenant visibility and property appeal.
  • Prime Route 20 Location – Highly visible ±50,306 SF neighborhood shopping center positioned along Route 20 – Northborough’s primary commercial corridor with excellent daily traffic counts (AADT 16,212; EB Count 7,918; WB Count 8,289) and exceptional regional connectivity
  • Stable, Diversified Tenant Mix – Well-balanced lineup of local and regional retailers, providing essential goods and services to the community, ensuring steady customer traffic and minimal income concentration risk.
  • Excellent Accessibility & Parking – Situated on ±5.3 acres with multiple points of ingress and egress and approximately 200 surface parking spaces, offering superior convenience and accessibility for both customers and tenants.
  • Strong Demographics – Affluent and expanding trade area with average household incomes exceeding $150,000 and a growing population base within a three-mile radius supporting durable long-term retail demand.
Description:

Kelleher & Sadowsky Associates, Inc. is pleased to introduce 243–265 West Main Street, a ±50,306 square foot neighborhood shopping center prominently located along Route 20 in Northborough, Massachusetts. This well-maintained retail property offers a stable and diversified income stream with significant value-add potential through market rent stabilization. The property possesses many desirable attributes, including historically low vacancy rates, long-standing and well-established tenancies, future development potential, excellent visibility, and convenient local accessibility.

Strategically situated along a heavily traveled commercial corridor within one of MetroWest’s premier suburban markets, the property features a diverse tenant mix comprised primarily of established local retailers and service providers, complemented by select regional operators that cater to the daily needs of the surrounding residential and business communities. With multiple points of ingress and egress, ample on-site parking, and proximity to major regional thoroughfares, the center serves as a convenient and well-frequented destination for residents of several affluent nearby towns and municipalities. Constructed with a masonry and steel frame structure, the building presents a durable and low-maintenance design. Tenant spaces feature modern storefront glass systems, rear service doors for loading, and utility configurations suitable for various retail users. The site’s efficient layout supports stable occupancy and long-term operational sustainability.

This offering presents a compelling opportunity to acquire a stabilized, income-producing retail asset in a supply-constrained market characterized by strong demographics and high barriers to entry. The property offers notable upside in net operating income through base rent growth, lease restructuring, façade improvements, and strategic repositioning of the asset to significantly enhance NOI.

The center is conveniently located less than one mile west of the Route 9 interchange and just minutes from Interstate 495, providing easy regional connectivity to Worcester, Marlborough, and the broader MetroWest market. Surrounding demographics are strong, with affluent households, high population density, and solid retail demand fundamentals within a three-mile radius

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