Northboro Shopping Center 261 W Main St 36,378 SF 100% Leased Retail Building Northborough, MA 01532 $7,950,000 ($218.54/SF)

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.