Tyngsborough, MA Commercial Real Estate for Sale and Lease

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What to Expect

This bustling Middlesex County town of around 11,300 is situated roughly 28 miles from Boston. Within its borders, you will find everything from industrial space to office space. Regardless of what you need or whether you're going to buy or lease, you can zero in on suitable options in no time by availing yourself of our handy search feature.

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Commercial Investment Properties

Placed along the Route 3 corridor, this town is only 28 miles away from Boston. Because of its location near Boston, it has enjoyed a steady growth rate over the years. This location alone makes the area a prime site for investors and entrepreneurs. The short commute to Boston and easy access to local amenities make this a favorite option for investments.

While the town originally focused on granite production, it became known as a vacation community. Even today, investors focus on developing resorts and tourism-focused industries in the area. For retail investors, the Pheasant Lane Mall is a popular location for retail shops. This mall includes a number of retail shops with anchor businesses like J.C. Penney.

Nicknamed the Gateway to the White Mountains, this town draws in nature lovers and history buffs. It includes historic sites like the Tyng Mansion House, which was built in 1673. Even in the modern era, some of the colonial era homes contain emergency passages that were once used to escape from skirmishes with the Native American tribes. Other than its historic attractions, tourists are also drawn to the area because of the 1,000-acre Lowell-Dracut-Tyngsborough State Forest. Many businesses in the town cater to the skiers, snowmobilers, bicyclists, hikers and equestrians who traverse the park.

Investors in the area can enjoy having a growing real estate market. In the last decade, residential construction has grown significantly as the town has integrated into Greater Boston. While there are many more developments in the area today, the region still retains its rural charm. In terms of industries, this residential area serves as the headquarters of Allied Waste Management as well as the Beacon Power and Piconics. Like many of Boston's bedroom communities, it has a growing number of companies based in the technology industry.

Office Space Market

One of the offices available in the town is at 150 Westford Road. This office space has an annual rent of $12 per square foot. The busy plaza is located less than a mile away from Route 3. It is also close to Interstate 495 and the New Hampshire border. Currently, there are five office suites available. Each suite is 600 square feet and can be subdivided. The property also has an office and retail space available that spans 1,200 square feet.

To buy an existing office building, investors can check out 18 Progress Avenue. Spanning a total of 45,000 square feet, the property is listed for $3,150,000. The industrial property was constructed in 2005 and includes 22-foot ceilings. In total, there is 5,000 square feet of office space. Placed only 1.2 miles away from Route 3, the retail and industrial building is located on 4.76 acres of land.

At 300 Potash Hill Road, investors can find retail spaces ranging from 11,000 to 22,000 square feet. Placed within the Vesper Executive Park, this building is a total of 60,000 square feet in size. The Class A office building is located on 7.3 acres. Because of its access to the highways, it is ideal for retail shops, offices and industrial businesses.

Another option is available at 92 Middlesex Road. Offered for an annual rent of $15.12 per square foot, the complex has one unit available for rent. The first-floor unit was previously a dance studio, so it has wood floors and a reception area. It is equipped with large, open spaces and private restrooms. Located close to the New Hampshire border near Route 3, the retail space is encircled by new residential units.

Retail Space Market

One of the largest shopping centers in the area is the Pheasant Lane Mall. Technically, this mall is just over the border in New Hampshire. Smaller shops, restaurants and office spaces can be found throughout the neighborhood.

At 91 Westford Road, residents will find a 1.03-acre lot. Offered for $350,000, this lot is zoned for industrial or retail space. Unlike other retail sites in the area, the land is empty and ready for a restaurant or retail shop. Plus, the land offers excellent visibility for drivers because of its location off of Route 3.

A retail rental can be found at 440 Middlesex Road. This space currently has eight units available for rent. The new property consists of 178,550 square feet. It features classic New England architecture with gathering spaces, convenient parking spots and new landscaping. The tenants at the property will include a blend of services, restaurants and entertainment. Located just off of Route 3, the property is placed across from the Pheasant Lane Mall. Currently, the property is anchored by AMC Theaters 12-plex.

Residents can also check out the office spaces at 130 Middlesex Road. This strip mall spans two floors and is conveniently close to Route 3. The current availability is for a second-floor office with shared restroom access and a reception area. It also includes three extra offices. Clients and employees can all use the large parking lot located at the site.

Real Estate News

One of the most recent developments in the area is along Middlesex Road. Completed in 2018, the project includes 120 units that range from condominiums to townhomes. Placed near Route 3, these homes include amenities like granite counters, open floor plans, stainless steel appliances and hardwood floors.

Meanwhile, the Tyng Village includes a total of 28 units. The complex includes duplex-style townhomes in three different floor plans. Each floor plan includes granite counters, hardwood floors and a two-car garage. In addition, the two-bedroom and three-bedroom units include a covered porch or a deck. Placed on Cricket Lane, this property is just off of Route 4. In the original proposal, the developers decided to designate 15 of the units as affordable. Like developments like Merrimack Landing, these units are designed for first-time home buyers.

To make room for these projects, the town had to update the sewer system. While the initial proposal for the $7.5 million sewer line expansion failed, it finally passed in 2016. New developments like these ones are some of the sites that use the new expansion. The Tyngsboro Crossing project also gave the town land for the sewer's pump station.

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