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    551 Boston Tpke Shrewsbury, MA 01545

    For Lease
    Contact for pricing

    Prime Shrewsbury location, 70,935 SF available.

    Lot size:
    70,935 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, Shrewsbury Crossing, located at 551 Boston Turnpike in Shrewsbury, Massachusetts (zip code 01545), offers a significant opportunity for businesses seeking flexible space in a high-traffic area of Worcester County. The entire 70,935 square foot building is currently vacant and available for lease. This presents a unique chance to occupy the entire space or lease a portion, with minimum divisible units starting at 3,000 square feet and maximum contiguous space reaching 64,215 square feet. The property is classified as commercial retail with multiple tenancy options, allowing for diverse business configurations. Its strategic location on Boston Turnpike ensures high visibility and accessibility for customers. The property's size and flexibility make it suitable for a wide range of retail businesses, from large-format stores to smaller boutiques or a combination thereof. Interested parties are encouraged to explore the potential of this prime retail space in the thriving Shrewsbury market. The property is easily accessible via major roadways, providing convenient access for both employees and customers. This is a rare opportunity to secure a substantial retail presence in a desirable Massachusetts location.

    Property Features for 551 Boston Tpke

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    70,935 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    6,720 SF
    Space
    Available Space
    Size
    64,215 SF

    HighLights

    • 64,215 square feet available for lease.
    • Strong co‑tenancy with At Home, Staples, and Work 'n Gear.
    • High traffic location with 44,789 average daily traffic (ADT) on Boston Turnpike.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sawa Hibachi Steakhouse ... Asian Restaurant Express Rооfеrs - Rооf ... Roofing Contractor Fidelity Investments Investment Service A&K Air Duct ... Store Sawa Asian Bistro Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shrewsbury
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7172905
    Latitude
    42.2774125

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    FAQs

    What type of property is this?
    Retail property - Prime Shrewsbury location, 70,935 SF available.
    Where is this retail property located?
    The property is located at 551 Boston Tpke Shrewsbury, MA.
    What are key features of this property?
    This property features: 64,215 square feet available for lease.; Strong co-tenancy with At Home, Staples, and Work 'n Gear.; High traffic location with 44,789 average daily traffic (ADT) on Boston Turnpike.
    Request Owner's contact information
    551 Boston 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
    551 Boston Tpke Shrewsbury, MA 01545
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