$1 Auction, 2.12 AC Boston Msa
Billerica, MA 01821
Middlesex County, Massachusetts
Land Description
$1 Auction - 2.12 AC Boston MSA | 15K VPD | Signalized Corner.
Marketplace Online Auction May 23-25, 2022
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Investment Highlights
±2.12 AC in Billerica, MA adjacent to signalized intersection with visibility to ±15,442 Vpd
Major Life Sciences Corridor with Global Corporations: E Ink Corporation, Raytheon, General Electric, Cabot Corporation, Avaya, L3 Technologies, Merck, and Seashore Bioscience
Favorable zoning with flexible uses permitted by right and by special permit
Immediate ramp access to Northwest Expy with ±101K VPD | Less than 30 minutes from Downtown Boston
Affluent demographics with ±102,792 resident and an average household income of $147,688 (5-mile radius)
Absolute Auction - 1st Bid meets Reserve.
Offering Summary
Marcus & Millichap and RI Marketplace are pleased to present 2.12 acres of commercial land adjacent to 296 Concord Road in Billerica, Massachusetts within the Boston MSA (“Property”). The Property offers an exceptional investment opportunity via development and first bid meets reserve.
The Property consists of a single parcel along Concord Road with over 307' of frontage and benefitting from traffic counts of 15,442 vehicles per day. The Property is positioned at a signalized intersection adjacent to the southbound ) onramp to Northwest Expressway. The land is zoned industrial with favorable uses allowed by right and by special permit. The Property benefits from its positioning adjacent to Technology Park which drives traffic to the location. The Parcel is well-positioned in the trade area approximately seven miles from both I-95 to the south and I-495 to the north.
Billerica is a town in Middlesex County approximately 30 miles north of downtown Boston. Middlesex County is one of two counties (along with Santa Clara County, California) to be amongst the top 25 counties with the highest household income and the 25 most populated counties. Billerica is located 20 miles north-northwest of Boston along the Northwest Expressway portion of US Route 3, positioning it as the border between Boston's inner suburbs to the south and the Merrimack Valley region to the north. The town is also situated less than three miles from the Massachusetts Route 128/Interstate 95 High-Technology belt to the south and less than two miles from the Interstate 495 (Massachusetts) outer belt highway to the north. The local economy hosts numerous emerging life sciences companies and global corporations including E Ink Corporation (maker of the Amazon Kindle and Barnes & Noble Nook), Raytheon, General Electric's Measurement & Control Solutions subsidiary, Cabot Corporation, Avaya, L3 Technologies, Merck, Seashore Bioscience, and other biotech corporations.
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