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Property profile & analytics
FOR LEASE
Turn key restaurants

7 Boston Tpke Shrewsbury, MA 01545

11,284 SF 1.32 ac lot Built 1989
Entity Owned 31-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US38-1165207
Property summary
AI-generated overview

This exceptional 16,851 square foot restaurant space presents a unique opportunity for a discerning operator in the thriving Shrewsbury, Massachusetts market. Located at 7 Boston Turnpike, this single-tenant retail property sits on a generous 2.67-acre lot, offering ample space for outdoor seating, parking, or expansion. The property is currently entirely vacant, providing a blank canvas for a new restaurant concept or a relocation for an established business. The building's existing infrastructure, as a second-generation restaurant space, offers significant advantages, potentially reducing initial build-out costs and time. This prime location in Worcester County boasts excellent visibility and accessibility from Boston Turnpike, ensuring high traffic volume and convenient access for customers. The property is zoned for restaurant use, simplifying the permitting process. This is an exceptional opportunity to establish a thriving restaurant business in a desirable and high-traffic area. The substantial square footage allows for a large dining area, expansive kitchen, and ample storage space. The 2.67-acre lot provides significant flexibility for future development or expansion. This property is available for lease and represents a rare chance to secure a prominent location in a vibrant community. Interested parties should inquire promptly to learn more about this exceptional opportunity. The property is located in Shrewsbury, MA, zip code 01545.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1989
Construction FRAME
Total area 11,284 SF
Lot 1.32 ac (57,499 SF)
Zoning code CB
APN SHRE M:31 B:080000
UPID US38-1165207
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.43M
Blend (final) Blend
$1.33M
Owner & transaction history
Renaissance Dev Corp · 31 yrs held
Renaissance Dev Corp
since 1995
1 recorded transaction
1995
Price N/A
Zoning & alternative use
CB · Shrewsbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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