Two-Story Flex
For Lease
$12 SF/Yr
114 Lancaster Road, Shirley, MA 01464
New commercial space combines industrial and retail-oriented functionality within a flexible facility.
Space Size45,000 SF
Days on Market56
Property Features for 114 Lancaster Road
General Information
Standard status
Active
Size
45,000 SF
Property subtype
Industrial
Lease Term
NNN
Building Details
Building Size
45,000 SF
Year Built
2022
Spaces For Lease
at 114 Lancaster Road
114 Lancaster Rd.
$12 – $14/SF/Yr
Size
45,000 SF
Term
Negotiable
Listing Agency:
Kelleher & Sadowsky
Listed By:
Drew Higgins · License #9515069
(508) 735-1783
Source:
Kelleher-sadowsky
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 12 at 5:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kelleher & Sadowsky
Investment Insights
Based on property information with market context.
Located at 114 Lancaster Road in Shirley, Massachusetts, this flex property includes a two-story facility constructed in 2022. The building contains approximately 45,000 square feet and is positioned on approximately 4.85 acres. Its stated configuration combines industrial and retail space, providing a commercial setting suited to multiple operational formats.
The property sits within Shirley’s established commercial corridor. The combination of substantial building area, acreage, and a newer construction date distinguishes the asset within the local commercial inventory.
The property sits within Shirley’s established commercial corridor. The combination of substantial building area, acreage, and a newer construction date distinguishes the asset within the local commercial inventory.
Key Highlights
- Approximately 45,000 square feet of building area
- Approximately 4.85 acres
- Two‑story facility constructed in 2022
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01464, MA
7,427
Population
2,512
Households
3
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
15.1 sq mi
ZIP Area
492
Density / Sq Mi
$121,875
Median Household Income
$73,721
Median Earnings
$1,189
Median Rent
$412,700
Median Home Value
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Market
Lease Benchmarks for Shirley, MA
$13.27 /SF/Yr
Avg Asking Price
$10–$16 /SF/Yr
Price Range
1,528 SF
Avg Space Size
This space is priced 10% below the average of $13.27 /SF/Yr.
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - New commercial space combines industrial and retail-oriented functionality within a flexible facility.
Where is this flex space located?
The property is located at 114 Lancaster Road Shirley, MA.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Approximately 45,000 square feet of building area; Approximately 4.85 acres; Two‑story facility constructed in 2022
