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Flex Building with New Docks
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65 Chestnut Street, Shrewsbury, MA 01545

Two-story flex facility planned for substantial reconfiguration, expanded loading access, and tenant improvements.

Space Size127,371 SF
Days on Market2

Property Features for 65 Chestnut Street

General Information

Standard status Active
Size 127,371 SF
Property subtype Industrial

Additional Details

Space Use Flex
Power 11,000 amps

Building Details

Building Size 127,371 SF
Stories 2

Spaces For Lease

at 65 Chestnut Street Contact us

Building 2

Size
127,371 SF
Type
Flex Space
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Kelleher & Sadowsky Associates Inc
Listed By: Philip DeSimone | SIOR · License #009536924
Source: Kelleher-sadowsky
Added: Aug 20 Changed: Aug 21 Last Checked: Aug 21 at 4:25AM

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 Kelleher & Sadowsky Associates Inc

Investment Insights

Based on property information with market context.

The property is a two-story flex facility containing 204,000 square feet. Planned work will substantially reconfigure the building, including removal of most of the second floor in one area to accommodate a new north-side entrance and employee parking. Loading improvements are planned on both the north and south sides, with new docks included in the renovation scope.

Clear heights are planned to range from 21 feet 6 inches to 28 feet 4 inches. Clear-span areas are identified at 55 feet 4 inches by 237 feet in one section and 83 feet by 375 inches in another. Existing site power totals 11,000 amps and can be scaled to meet tenant requirements. Renovation is scheduled to begin in summer 2026, with completion targeted for Q3 2027 and delivery ready for tenant improvements.

Key Highlights

  • 204,000‑square‑foot two‑story flex building
  • Planned north‑side entrance with employee parking
  • New loading docks planned on both north and south sides

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Hair Salon Spa & Massage Center Nail Salon

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

233
Businesses Nearby
Balanced
Demand for This Use

Demographics for 01545, MA

38,316
Population
15,318
Households
2.5
Avg Household Size
41
Median Age
66%
College-Educated
96%
High-School Grad
20.8 sq mi
ZIP Area
1,842
Density / Sq Mi
$136,225
Median Household Income
$74,718
Median Earnings
$2,046
Median Rent
$555,500
Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Two-story flex facility planned for substantial reconfiguration, expanded loading access, and tenant improvements.
Where is this flex space located?
The property is located at 65 Chestnut Street Shrewsbury, MA.
What are key features of this property?
This property features: 204,000‑square‑foot two‑story flex building; Planned north‑side entrance with employee parking; New loading docks planned on both north and south sides
More about this property
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