380 South West Cutoff, Northborough, MA 01532
$6,000,000
0 beds 0 baths — Built 1962Active
About this home
Prime location – intersection of Rt. 9 and Rt. 20 – 2.5 acres containing an operational motel and a restaurant is being offered for sale. The motel contains 79 rooms all updated to the latest building codes and serves from Worcester to Shrewsbury. Additional building contains 6500 sq. ft. of usable space with a full basement. This property is ripe for redevelopment.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
Your estimated payment
$45,147/mo
- Real estate (PITI + HOA + PMI)
- $42,888
- Utilities
- $8,642
- Transportation
- $98
- Other (entertainment)
- $130
Principal + interest$27,213
Property tax + insurance$13,425
PMI / 2nd mortgage$2,250
Heating + cooling$4,173
Internet + TV + phone$130
Water + sewer + garbage$58
Car insurance + maintenance$98
Budget$45,647/mo
Remaining after TLC$500/mo
Purchase price
$6,000,000
Down payment
$300,000 (5%)
Loan amount
$5,700,000
APR
4%
Quick facts
Type
COM
Style
—
Year built
1962
Lot size
2.46 ac
Stories
0
Heating
—
Cooling
—
Water
—
HOA
—
Annual tax
$62,669
MLS #
73197036
County
Worcester
Neighborhood — 01532
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 16,604 | 6,444,931 | 299,088,112 |
| Population Change Since1990 | 31.00% | 7.00% | 20.00% |
| Population Density | 850 | 786 | — |
| Male | 8,241 | 3,127,134 | 147,432,321 |
| Female | 8,363 | 3,317,797 | 151,655,844 |
| Never Married | 2,465 | 1,612,885 | 63,775,926 |
| Married | 8,518 | 2,586,314 | 123,120,365 |
| Separated | 390 | 247,857 | 12,639,686 |
| Widowed | 525 | 363,594 | 15,467,586 |
| Divorced | 881 | 436,888 | 23,075,029 |
| Number Of House Hold | 5,792 | 2,431,591 | 111,826,380 |
| Average House Hold Size | 2.85 | 2.56 | 2.60 |
| Medial Age | 37.77 | 37.25 | 35.46 |
| Median House Hold Income | $92,606 | $57,698 | $48,276 |
| Average House Hold Income | $110,153 | $75,023 | $63,629 |
| P C I | $38,585 | $29,196 | $24,529 |
| M D I | $72,518 | $48,105 | $41,133 |
| A T H E | $75,294 | $57,083 | $50,898 |
| S T R | 5.00% | 5.00% | — |
| W C J | 79.16% | 81.38% | 77.74% |
(Zip) Code
1532
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 1/26/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.