Retail Property and Business
For Sale
$630,000
117 Clinton Street, Shrewsbury, MA 01545
Turnkey retail property and business for sale in Shrewsbury.
Property Size2,784 SF
Price / SF$226.29
Days on Market418
Property Features for 117 Clinton Street
General Information
Standard status
Active
Size
2,784 SF
Property subtype
Commercial
Zoning
RES B-
Taxes and HOA fees
Annual Taxes
$3,578
Building Details
Building Size
2,784 SF
Year Built
1935
Listing Agency:
Lillian Montalto Signature Properties
Listed By:
Team Lillian Montalto
(978) 475-1400
Source:
Churchillprop
Added: Aug 29, 2025
Changed: Oct 6
Last Checked: Oct 19 at 5:15AM
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 Lillian Montalto Signature Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes both the real estate and an established business. The sale encompasses all equipment, inventory, and other business assets, presenting a turnkey opportunity for a new owner. The property is located at 117 Clinton St, Shrewsbury, MA 01545.
Key Highlights
- Real estate and established business included in sale.
- Turnkey operation ready for new owner.
- All equipment and inventory included.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,168
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,360
$823.4K
Cap Rate 7%
$588,114
$588.1K
Cap Rate 9%
$457,422
$457.4K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$60.1K $21.60/SF
− Vacancy
−$1.3K −$0.48/SF
EGI
$58.8K $21.12/SF
− OpEx
−$17.6K −$6.34/SF
NOI
$41.2K $14.79/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,360
Cap Rate 7%
$588,114
Cap Rate 9%
$457,422
Alternative Uses
Best Use
Retail
$588.1K
$514.6K – $686.1K
NOI $41,168 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$950.7K
$831.9K – $1.11M
NOI $66,549 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
634
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Extra Space Storage
Shops & Services
465 visits/mo
0.3 miles
FedEx Office Print & Ship Center
Shops & Services
169 visits/mo
0.4 miles
Demographics for 01545, MA
38,316
Population
15,318
Households
2.5
Avg Household Size
41
Median Age
66%
College-Educated
96%
High-School Grad
20.8 sq mi
ZIP Area
1,842
Density / Sq Mi
$136,225
Median Household Income
$74,718
Median Earnings
$2,046
Median Rent
$555,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey retail property and business for sale in Shrewsbury.
Where is this storefront property located?
The property is located at 117 Clinton Street Shrewsbury, MA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Real estate and established business included in sale.; Turnkey operation ready for new owner.; All equipment and inventory included.
