317 Boston Rd

For Sale

317 Boston Rd, Billerica, MA 01862

This Billerica property for sale is located at 317 Boston Rd. Contact the listing broker for details on the current sale price for 317 Boston Rd. 317 Boston Rd is situated on a lot that is 60,984 square feet in size.

Contacts

broker
Murray Regan

JMR Commercial RE Services

Property Details

  • Property Type Special Purpose
  • Property Size 9,929 SF
  • Lot Size 60,984 SF
  • Zoning General Business
  • Parking Spaces Avail. 24
  • Parking Ratio 2.42 / 1,000 SF
  • Year Built 1910
  • Date Updated Sep 9, 2025

A 2 to 2½ story wood frame, vinyl sided, former nursing home, Victorian-style structure, with a combination slate and asphalt shingle roof, 100% sprinklered, a full granite/brick foundation walled and concrete slab basement, built circa 1910, renovated in 2002 and over time. The property is state certified as a 53-bed sober house under the 12-Step Education Program of New England.  This investment offers tremendous upside, when stabilized at an 85% occupancy (currently at 73% annualized).  Rents will be increased, as of October 2025, to $310 per week for singles, $235 per week for shared accommodations, $1,250 per month for singles and $1,000 for shared accommodations (includes food). To date, the mix has historically been 10% monthly fees and 90% weekly fees.  The property is in need of an upgrade. 

Stabilized Proforma - The property has 53 beds and a gross building area of 9,929 sq ft. Gross scheduled income totals $691,219 ($69.62/sq ft), including $6,625 from laundry ($125/bed/yr). After a 15% vacancy or collection loss ($103,683 or $10.44/sq ft), the effective gross income is $587,536 ($59.17/sq ft). Total expenses are $140,446 ($14.15/sq ft), or 23.90% of EGI, with key items: administrative $5,875.36 (1%), repairs $29,376.81 (5%), marketing $300 (0.05%), insurance $12,000 (2.04%), electricity $12,000 (2.04%), gas $1,572.81 (0.27%), oil $13,061.43 (2.22%), water/sewer $10,000 (1.70%), landscaping $1,000 (0.17%), snow plowing $1,500 (0.26%), trash $3,996.40 (0.68%), internet $3,300 (0.56%), food/household $11,800 (2.01%), payroll $30,000 (5.11%), licenses/permits $691.67 (0.12%), and reserve replacement $3,971.60 (0.68%). Net operating income is $447,090 ($45.03/sq ft), or 76.10% of EGI.

If you have any questions or would like to schedule a viewing, please call or send us an email.

Errors & Omissions: We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. 
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Location

  • City Billerica, MA
  • Neighborhood Pinehurst
  • Zip Code 01862
  • Market Suburban Boston

Points of Interest

  • North Billerica

    1.68 miles

  • Lowell

    5.05 miles

  • Swamp Locks

    5.41 miles

  • Lower Locks

    5.44 miles

  • Visitor Center

    5.58 miles

  • Moody Street Gatehouse

    5.62 miles

  • Boott Mills

    5.63 miles

  • George Ayotte Parking Facility

    5.75 miles

  • Suffolk Mill

    5.86 miles

  • Anderson RTC

    7.63 miles

  • Cumberland Farms

    0.22 miles

  • Speedway

    1.11 miles

  • Global

    1.35 miles

  • Mobil

    1.37 miles

  • Fill N Chill

    2.55 miles

  • ChargePoint

    3.02 miles

  • Shell

    4.00 miles

  • Lowell MA - Tesla Supercharger

    4.05 miles

  • Petroil

    4.06 miles

  • EVgo

    6.81 miles

  • Billerica State Forest Parking

    1.61 miles

  • Commuter Rail Parking

    1.67 miles

  • MBTA Parking

    1.68 miles

  • Lot A

    2.99 miles

  • Lot B

    3.02 miles

  • Lot D

    3.15 miles

  • Lot F

    3.28 miles

  • Lot G

    3.33 miles

  • Minnie Reid Conservation Area Parking

    3.36 miles

  • Dudley Park

    3.38 miles

  • Courtyard

    2.26 miles

  • Sonesta Select

    3.81 miles

  • Motel 6

    3.89 miles

  • Best Western Plus Chelmsford Inn

    4.20 miles

  • Radisson Chelmsford Hotel

    4.36 miles

  • Homewood Suites

    4.48 miles

  • Hampton Inn Boston Bedford Burlington

    4.49 miles

  • DoubleTree by Hilton Hotel

    4.66 miles

  • Bedford Motel

    5.19 miles

  • Fairfield Inn Boston Tewksbury/Andover

    5.36 miles

  • Market Basket

    0.98 miles

  • Big Lots

    1.12 miles

  • Burlington

    1.13 miles

  • Walmart Supercenter

    3.74 miles

  • Stop & Shop

    4.00 miles

  • Summer Street Grocers

    4.05 miles

  • Kohl's

    4.09 miles

  • Hannaford

    4.11 miles

  • TJ Maxx

    4.19 miles

  • Marshalls

    4.27 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Murray Regan

JMR Commercial RE Services

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