What is the asking price for 171 Old Cambridge Rd?

Please use the contact form to get in touch with a broker and find out more about renting space here.

What is the total size of 171 Old Cambridge Rd?

The property has a total square footage of 9,131 SF.

When was this property built?

171 Old Cambridge Rd was built in 1900.

How many parking spaces are available at 171 Old Cambridge Rd?

The property features 16 parking spaces, resulting in a parking ratio of 1.75 / 1,000 SF.

171 Old Cambridge Rd, Woburn, MA 01801

For Sale Contact for pricing
Property Type Special Purpose
Property Size 9,131 SF
Lot Size 40,400 SF
Zoning Business Highway
Parking Spaces Avail. 16
Parking Ratio 1.75 / 1,000 SF
Building Class D
Year Built 1900
Date Updated Jan 12, 2026
Construction Type wood frame

Description

A 2 to 2½ story wood frame, vinyl sided structure (former hospital), with a combination rubber membrane and asphalt shingle roof, elevator access, a full granite/brick foundation walled and concrete slab basement, built circa 1900, renovated over time. The property is state MASH certified as a 50-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 50 beds and a gross building area of 9,131 sq ft. Gross scheduled income totals $639,010, including $6,250 from laundry ($125/bed/yr). After a generous 25% vacancy or collection loss ($159,753), the effective gross income is $479,258. Total expenses are estimated at $473,757, which includes real estate taxes and an acheivable pure triple net lease payment of $235,000. The expenses are based on FY 2024, with 3% increases to reflect a forward looking estimate. Landscaping at $750 and snow plowing at $1,500 were added, as was a reserve replacement at $0.40 per square foot. Net operating income, based on the non-profit operation is $5,501. If a stabilized occupancy of 85% is used, the net operating income is estimated at $65,567.

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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.