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    1511 Grafton Rd Millbury, MA 01527

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    For Sale
    $2,900,000

    1.5-acre redevelopable lot with high visibility and access.

    Lot size:
    1.51 Acres

    Property Features for 1511 Grafton Rd

    General Information

    Lot size
    1.51 Acres

    Building Details

    Year built
    1950

    Source: RE/MAX Prof Associates Agent Julie-Ann Horrigan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopable Lot Near Mass Pike

    This listing includes 1511, 1515, and 1517 Grafton Road in Millbury, offered as one redevelopable 1.5-acre lot. The property features 307 feet of frontage and is a corner lot. It is located in a prime location across from the Mass Pike Exit 96 ramp entrance/exit, offering high visibility and excellent access to major Central Massachusetts roadways including Mass Pike I-90, Rt. 20, and I-290. Public sewer and water are available. The East Millbury Business District Bylaws provide details on retail, restaurants/fast casual, gas station, drive-through, and professional options. A town-endorsed ANR is in hand with approval for one structure.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millbury
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7378726
    Latitude
    42.2304901

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    FAQs

    What type of property is this?
    Commercial land - 1.5-acre redevelopable lot with high visibility and access.
    Where is this commercial land located?
    The property is located at 1511 Grafton Rd Millbury, MA.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Prime location directly across from Mass Pike Exit 96.; - Redevelopable 1.5-acre lot in East Millbury Business District.; - Town-endorsed ANR with approval for one structure.
    (508) 735-6981
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    1511 Grafton Rd Millbury, MA 01527
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1511 Grafton Rd Millbury, MA 01527
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