1485 Grafton Rd, Millbury, MA

Properties For Sale

at 1485 Grafton Rd

1485 Grafton Rd AVAILABLE, Now

Floor Bldg

Size 8,700 SF

Type RETAIL

Lease Type NNN

Sublease No

- Looking for a versatile commercial space in a high-visibility location? Look no further! - This 8,700 SF freestanding commercial property located at 1485 Grafton Rd Millbury offers the perfect blend of accessibility, flexibility, and convenience. - Just one minute from the Mass Pike, this well-located property is an excellent opportunity for retail, office, medical, or other storefront uses. - The space features an open, customizable layout, is ADA compliant, and includes a loading dock, making it ideal for businesses with shipping, receiving, or inventory needs. - Whether you're launching a new venture or expanding your current operation, this property offers the flexibility to grow — inside and out.

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Listing Agency: Centre Realty Group Show Phone

Listed By: Matt Javitch Show Phone

Source: Moodyscre

Added: Aug 21, 2025 Changed: Sep 2 Last Checked: Aug 25 at 3:57AM

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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 Centre Realty Group

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 8,700 SF freestanding building is situated on a 27,500 SF lot in the East Millbury Business District. The property benefits from high visibility and strong traffic counts. Zoned East Millbury Business (EMB), the location allows for retail, restaurant, medical, professional office, two-family, and multifamily dwellings (by special permit). The property is located one minute from the Mass Pike and close to area amenities. Currently configured as an open commercial space, the building includes a loading dock, ADA accessibility, and ample on-site parking. This property is suitable for a business looking for immediate occupancy or a developer seeking to reimagine the site under the EMB zoning flexibility.

Key Highlights

• 1 minute from Mass Pike, providing exceptional access and visibility.
• Located in the East Millbury Business (EMB) zone, allowing for diverse commercial, mixed‑use, or residential development options.
• 8,700 SF freestanding building on a spacious 27,500 SF lot.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$128,650

Cap Rate

6.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,573,000 $2.6M

Cap Rate 7%

$1,837,857 $1.8M

Cap Rate 9%

$1,429,444 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,700 SF

Gross rent

$187.9K $21.60/SF

− Vacancy

−$4.1K −$0.48/SF

EGI

$183.8K $21.12/SF

− OpEx

−$55.1K −$6.34/SF

NOI

$128.7K $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%

$2,573,000

Cap Rate 7%

$1,837,857

Cap Rate 9%

$1,429,444

Alternative Uses

Best Use

Retail

$1.84M

$1.61M – $2.14M (±1% cap)

NOI $128,650 @ 7.0% cap · market cap 6.13%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.97M

$2.60M – $3.47M (±1% cap)

NOI $207,965 @ 7.0% cap · market cap 9.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Sclamo's Appliance & Furniture Home Appliance Store

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Parking Lot & Garage Skin Care Clinic Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

223

Businesses Nearby

27k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 96% Dining 4%

7-Eleven Shops & Services

13,121 visits/mo 0.4 miles

Dollar Tree Shops & Services

12,609 visits/mo 0.4 miles

Domino's Pizza Dining

1,081 visits/mo 0.4 miles

Market

Average Price Trend$/SF for Retail space in Worcester County, MA

$134 Jul

$91.23 Aug

$86.35 Sep

$110 Oct

Properties on Market for Retail space in Worcester County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - 8,700 SF building on 27,500 SF lot near Mass Pike.

Where is this retail space located?

The property is located at 1485 Grafton Rd Millbury, MA.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: 1 minute from Mass Pike, providing exceptional access and visibility.; Located in the East Millbury Business (EMB) zone, allowing for diverse commercial, mixed‑use, or residential development options.; 8,700 SF freestanding building on a spacious 27,500 SF lot.**