1537 Grafton Rd Millbury, MA 01527
- Manufacturing properties
- 44,646 SF
- 5.70 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 1537 Grafton Rd
- Year built
- 1966
- Construction
- STEEL FRAME
- Lot size
- 5.70 lot acres
- Property size
- 44,646 SF
- Property type
- Manufacturing properties
- APN
- MILB M:007 B:0000017 L:
- APU
- MILBM007B0000017L
Description
This exceptional 84,000-square-foot industrial facility in Millbury, Massachusetts, presents a unique opportunity for businesses seeking modern, high-capacity space. Located directly off I-90, this newly constructed (2024) building offers unparalleled convenience and accessibility. The property boasts a flexible layout, with a minimum divisible space of 25,000 square feet and the potential to lease the entire 84,000 square feet contiguously. Currently, the entire 84,000 square feet is vacant and available for immediate occupancy. High ceilings ranging from 16 to 36 feet provide ample vertical space, while seven drive-in doors and six loading docks ensure efficient loading and unloading operations. The property also features 115+ parking spaces and a robust power supply of 1,600 amps, 480v 3-phase. Designed for manufacturing and warehousing, the clear-span warehouse areas offer operational flexibility. The facility includes crane rails with a 20-ton capacity and ample outdoor storage on a 5.7-acre lot. This property is ideal for businesses requiring significant space, high ceilings, and excellent access to major transportation routes. The address is 1537 Grafton Road, Millbury, MA 01527.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,170,000
- 6.5%
- $4,155,000
- 7%
- $4,035,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,925,000
- Geo Method
- $4,030,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,230,000
- Retail
- $4,965,000
- Mixed-Use
- $4,500,000
- Hospitality
- $4,465,000
- Educational
- $3,635,000
- Residential Income
- $3,995,000
- Energy
- $3,960,000
- Income-Based Land
- $4,880,000
- Food Service
- $4,065,000
Location Insight
- Map
- Local Demand
- City
- Millbury
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7332
- Latitude
- 42.2298
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
