Sturbridge Commercial Land
Lot 1A Berry Farms Road, Sturbridge, MA 01566
Prime commercial land suitable for retail, office, or residential development.
Type:Mixed Use, Office, Retail
Property size:
7,480 SFLot size:
4.40 AcresPrice / SF:
$298/SF- Added:
- Apr 20, 2024
- Days on Market:
- 808
- Last Refresh:
- Jun 25 at 4:51 pm
Property Features for Lot 1A Berry Farms Road
General Information
- Standard status
- Active
- Size
- 7,480 SF
- Lot size
- 4.40 Acres
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 2024
Listing office RE/MAX Prof Associates
Listing date Apr 20, 2024
Source Crexi
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 RE/MAX Prof Associates
HighLights
- Prime location with exceptional access to major routes: Route 49, Rt. 20, Rt. 148, Tr. 131, I84, and I90.
- Versatile 2‑acre lot (up to 4.4 acres available) suitable for retail, office, or residential development.
- Potential for large‑scale development: Additional 54 acres available, ideal for 55+ community, assisted living, or other high‑density housing (180+ units).
- New commercial cul‑de‑sac with town water and sewer.
- Seller willing to construct a custom building up to 50,000 sq ft, with options to purchase, lease, or lease with option to buy a pre‑planned 7480 sq ft building.
- Proximity to UMASS Harrington Hospital (1 mile) and Interstates I90 and I84 (3.2 miles).
Overview
This property features a 2-acre lot, part of a new 1000-foot commercial cul-de-sac with town water and sewer. Up to 4.4 acres are available, along with an additional 54 acres suitable for various developments, including a 55+ community, assisted living facility, nursing home, hospital, 40B housing, single-family attached homes, or single-family rentals, subject to town approval, potentially accommodating 180 units or more. The seller is planning a 7480 square-foot building available for purchase, lease, or lease with the option to buy. The seller is open to constructing a building of any type or size up to 50,000 square feet. The location is approximately 1 mile from UMASS Harrington Hospital and 3.2 miles from I-90 and I-84, providing access to Route 49, Route 20, Route 148, Route 131, I-84, and I-90, enhancing accessibility throughout Central New England. This location in Southern Worcester County presents a significant need for 55+ apartment rentals and assisted living facilities. The property is suitable for retail, office, or residential development.
Local Financial Insights For Office B
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 | $224.4k | $30.00 |
| − Vacancy | −$42.6k | −$5.70 |
| EGI | $181.8k | $24.30 |
| − OpEx | −$45.4k | −$6.08 |
| NOI | $136.3k | $18.23 |
7,480 SF · lease $30.00/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.95M
$1.70M – $2.27M
NOI $136,323 @ 7.0% cap · market cap 6.10%
Second Best
Retail
$1.58M
$1.38M – $1.84M
NOI $110,609 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$2.55M
$2.24M – $2.98M
NOI $178,802 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Commercial land
Map
- City
- Sturbridge
- County
- Worcester
- State
- Massachusetts
- Longitude
- -72.0779
- Latitude
- 42.1049
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Prime commercial land suitable for retail, office, or residential development.
Where is this commercial land located?
The property is located at Lot 1A Berry Farms Road Sturbridge, MA.
What is the asking price?
The asking price for this property is $2,234,000.
What are key features of this property?
This property features: Prime location with exceptional access to major routes: Route 49, Rt. 20, Rt. 148, Tr. 131, I84, and I90.; Versatile 2‑acre lot (up to 4.4 acres available) suitable for retail, office, or residential development.; Potential for large‑scale development: Additional 54 acres available, ideal for 55+ community, assisted living, or other high‑density housing (180+ units).
