Redevelopment Opportunity in West
For Sale
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342 West Boylston Street, West Boylston, MA 01583
Redevelopment opportunity with approvals for a 24-unit multifamily project.
Property Size15,977 SF
Lot Size0.37 Acres
Price / SF$48.51
Days on Market153
Property Features for 342 West Boylston Street
General Information
Standard status
Active
Size
15,977 SF
Total Parking Spaces
20
Lot size
0.37 Acres
Property subtype
Retail, Office, Industrial
Zoning
BL-1
Investment Type
Owner/User
Building Details
Year Built
1970
Buildings
1
Stories
1
Units
1
Listing Agency:
Re/Max Partners
(774) 696-1810
Listed By:
James Kalogeropoulos · License #9072828
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Jul 16 at 9:55AM
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 Partners
Investment Insights
Based on property information with market context.
This property presents a redevelopment and value-add opportunity. The existing 3,360 sq.ft former fast-food retail building is suitable for repositioning by investors, developers, or owner-users. The existing structure requires renovation and is well-suited for restaurant, retail, or office use. The property benefits from completed approvals and development proposals for a 24-unit multifamily project, offering long-term upside for residential redevelopment. Located in a commercial corridor with access to a major highway, the 15,977 sq.ft property is surrounded by economic drivers including an Amazon distribution center and Chase Bank, along with national and regional food franchises. The existing structure is a standalone retail space. Proposals are for a 24 unit apartment building.
Key Highlights
- Approved development proposals for a 24‑unit multifamily project offer significant long‑term upside.
- Located in a highly affluent commercial corridor with convenient access to a major highway.
- Excellent repositioning opportunity for restaurant, retail, or office use.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 20%
Shell
Shops & Services
7,264 visits/mo
0.5 miles
Shell
Shops & Services
3,216 visits/mo
0.0 miles
Honey Dew Donuts
Dining
3,004 visits/mo
0.0 miles
Berkshire Bank
Shops & Services
1,355 visits/mo
0.2 miles
Demographics for 01583, MA
7,652
Population
2,946
Households
2.6
Avg Household Size
45
Median Age
42%
College-Educated
92%
High-School Grad
12.6 sq mi
ZIP Area
607
Density / Sq Mi
$100,427
Median Household Income
$58,724
Median Earnings
$1,248
Median Rent
$399,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Redevelopment opportunity with approvals for a 24-unit multifamily project.
Where is this retail space located?
The property is located at 342 West Boylston Street West Boylston, MA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Approved development proposals for a **24‑unit multifamily project offer significant long‑term upside.**; Located in a highly affluent commercial corridor with convenient access to a major highway.; Excellent repositioning opportunity for restaurant, retail, or office use.**
