Freestanding Retail Building with
1485 Grafton Rd Millbury, MA 01527
1485 Grafton Rd, Millbury, MA, 01527
$1,700,000
For Sale
$1,700,000
Freestanding retail space with ADA access, a loading dock, and ample parking on a sizable lot for owner-occupants or developers.
Property Size8,700 SF
Lot Size0.63 Acres
Price / SF$195.40
Days on Market48
Property Features for 1485 Grafton Rd
General Information
- Standard status
- Active
- Size
- 8,700 SF
- Lot size
- 0.63 Acres
Building Details
- Year Built
- 1966
Listing agency
Centre Realty Group
Listed by
Pahola Deleon
Source
413realestate
Added: Jun 5 Updated: Jul 10 at 1:53PM Checked: Jul 22 at 2:47AM
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
Investment Insights
Based on property information with market context.
This freestanding commercial building offers an open retail configuration with a loading dock and ADA accessibility. The property sits on a 27,500 SF lot and is currently set up for immediate occupancy as a flexible open space.
The site is located in East Millbury’s Business District (EMB) zone and is positioned for high visibility and easy access, including being about one minute from the Mass Pike. The current setup also includes ample parking to support customer and employee access.
For tenants, the open layout can accommodate a range of retail uses that benefit from straightforward floorplate planning, along with practical logistics from the loading dock and ADA compliance. For buyers and developers, the EMB zoning is described as allowing a wide range of commercial, mixed-use, or residential development options, providing flexibility for reimagination of the site while retaining the convenience of an existing improved building and parking.
The site is located in East Millbury’s Business District (EMB) zone and is positioned for high visibility and easy access, including being about one minute from the Mass Pike. The current setup also includes ample parking to support customer and employee access.
For tenants, the open layout can accommodate a range of retail uses that benefit from straightforward floorplate planning, along with practical logistics from the loading dock and ADA compliance. For buyers and developers, the EMB zoning is described as allowing a wide range of commercial, mixed-use, or residential development options, providing flexibility for reimagination of the site while retaining the convenience of an existing improved building and parking.
Key Highlights
- 8,700 SF freestanding building built in 1966 on a 27,500 SF lot in East Millbury’s Business District (EMB) zone
- Open commercial space currently configured for retail/office use with ADA accessibility
- Loading dock on site for deliveries and loading operations
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $187.9k | $21.60 |
| − Vacancy | −$4.1k | −$0.48 |
| EGI | $183.8k | $21.12 |
| − OpEx | −$55.1k | −$6.34 |
| NOI | $128.7k | $14.79 |
8,700 SF · lease $21.60/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.14M
NOI $128,650 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.97M
$2.60M – $3.47M
NOI $207,965 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sclamo's Appliance & Furniture
Home Appliance Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding retail space with ADA access, a loading dock, and ample parking on a sizable lot for owner-occupants or developers.
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 $1,700,000.
What are key features of this property?
This property features: 8,700 SF freestanding building built in 1966 on a 27,500 SF lot in East Millbury’s Business District (EMB) zone; Open commercial space currently configured for retail/office use with ADA accessibility; Loading dock on site for deliveries and loading operations
