120 Pond Street is a ±19,420 SF commercial building on a ±3.98-acre site with over 1,000 feet of frontage on Route 126 in Ashland. Built in 1970 and operated for decades as Tri-Valley Tennis and Fitness Club before its current use as an indoor paintball facility, the building offers 12'-25' clear heights, grade-level drive-in loading, and 37 surface parking spaces. Delivered vacant at closing. A 30,600 SF concrete slab, the former footprint of five tennis courts, provides a finished hardscape that would cost well into six figures to replicate, supporting parking, circulation, and future expansion. The property is zoned CH (Commercial Highway) within the Pond Street Mixed Use Overlay District. By-right uses include indoor commercial recreation and health/fitness, general service establishments, veterinary clinic and kennel, childcare, religious and educational use, medical and professional office, and retail. Light manufacturing and R&D are available by special permit. A functional building, a rare finished outdoor footprint, and prominent Route 126 frontage in a supply-constrained MetroWest submarket create an uncommon combination at this price point.