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    105 Hartford Tpke Shrewsbury, MA 01545

    Sponsored
    For Sale
    $729,900

    Lakefront Office, 8 Units, Great Location

    Property size:
    2,421 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This unique 2,421 sq ft waterfront commercial property in Shrewsbury, MA, offers an exceptional investment opportunity. Situated on Lake Quinsigamond in the Edgemere Village District, this three-level building boasts 8 rooms, 2 baths, 5 separate entrances, 2 rear balconies, and ample off-street parking for 8-10 cars. The property features a finished lower level, a fireplace, newer windows and roof, and city water/sewer. Zoned for limited business use, it's ideal for various uses including office space, small business startups, or even conversion into a 2-unit condo. The open-concept main floor is perfect for classrooms or meetings. Its prime location on Route 20 provides easy access to major highways, the Mass Turnpike (Exit 90), a train station, UMass Medical, and shopping centers, including a new Market Basket. The property's direct lake access offers recreational opportunities, including boating and fishing. This is the only office space currently for sale in Shrewsbury, making it a truly exceptional investment. The 6,534 sq ft lot provides ample space, and the building has gas hookup at the street. Built in 1920, this property presents a rare blend of historic charm and modern convenience. The asking price is $729,900 ($301.49/sq ft).

    Property Features for 105 Hartford Tpke

    General Information

    Property type
    Office space
    Square Feet
    2,421 SF

    Building Details

    Year Built
    1920
    Units
    8

    HighLights

    • $729,900 asking price for this 2,421 square foot creative office building.
    • Vacant, 8‑unit building with 5 separate entrances, located in Shrewsbury, MA.
    • Situated on a 6,534 square foot lot with off‑street parking for 8‑10 cars and direct lake access.
    • Features include 2 baths, 2 rear balconies, large storage space, and a finished lower level.
    • Zoned for limited business use, offering flexibility for various commercial uses.
    • Located in a developing business area with convenient access to major highways, public transportation, and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shrewsbury
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7333554
    Latitude
    42.2462619

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    FAQs

    What type of property is this?
    Office space - Lakefront Office, 8 Units, Great Location
    Where is this office space located?
    The property is located at 105 Hartford Tpke Shrewsbury, MA.
    What is the asking price?
    The asking price for this property is $729,900.
    What are key features of this property?
    This property features: $729,900 asking price for this 2,421 square foot creative office building.; Vacant, 8-unit building with 5 separate entrances, located in Shrewsbury, MA.; Situated on a 6,534 square foot lot with off-street parking for 8-10 cars and direct lake access.
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    105 Hartford Tpke Shrewsbury, MA 01545
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105 Hartford Tpke Shrewsbury, MA 01545
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