Prime Redevelopment Opportunity in
For Lease
Contact for pricing
7 Boston Turnpike, Shrewsbury, MA 01545
16,851 SF property on 2.67 acres with redevelopment potential.
Space SizeContact for details
Lot Size2.67 Acres
Days on Market149
Property Features for 7 Boston Turnpike
General Information
Standard status
Active
Lot size
2.67 Acres
Property subtype
Retail
Listing Agency:
CBRE - Boston
(617) 912-6869
Listed By:
Rob Robledo · License #RES.0777085
(617) 912-6869
Source:
Cbre
Added: Mar 25
Changed: Aug 17
Last Checked: Aug 20 at 6:50AM
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 CBRE - Boston
Investment Insights
Based on property information with market context.
This 16,851 square-foot property is situated on 2.67 acres and presents a second-generation restaurant opportunity with unique potential for redevelopment. The site allows for a mix of uses, including retail, restaurant, residential, student housing, and office spaces. Located at the busiest intersection in the Worcester metro market, the site benefits from high visibility with over 50,000 cars per day recorded in 2019. It is positioned less than half a mile from UMass Memorial Hospital, which employs over 7,000 individuals and receives more than 1 million outpatient visits annually. The property is directly opposite the historic Worcester Boat Club, established in 1888, on Lake Quinnsigamond, providing dock and water access. Additionally, it is less than half a mile from the UMass Medical University Campus, which has over 3,000 faculty members and 1,184 students. The building features billboard presence on the Burns Memorial Bridge (Route 9), connecting Worcester and Shrewsbury. The location offers signalized access to Route 9 and N/S Quinnsigamond Avenue. The area boasts favorable demographics, with over 234,598 residents within a 5-mile radius and an average household income of $89,601, along with 85,515 employees within 3 miles.
Key Highlights
- High‑traffic location: Busiest intersection in Worcester metro with over 50,000 cars per day.
- Redevelopment potential: Unique opportunity for mixed‑use development (retail, restaurant, residential, student housing, office).
- Proximity to major employers: Less than half mile from UMass Memorial Hospital and UMass Medical University Campus.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Office in Northeast region
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Similar Off Market Nearby
- Bees & Thank You — 50 Lake Ave, Worcester, MA 01605
Frequently Asked Questions
What type of property is this?
Restaurant - 16,851 SF property on 2.67 acres with redevelopment potential.
Where is this restaurant located?
The property is located at 7 Boston Turnpike Shrewsbury, MA.
What are key features of this property?
This property features: High‑traffic location: Busiest intersection in Worcester metro with over 50,000 cars per day.; Redevelopment potential: Unique opportunity for mixed‑use development (retail, restaurant, residential, student housing, office).; Proximity to major employers: Less than half mile from UMass Memorial Hospital and UMass Medical University Campus.
