551 Boston TpkeShrewsbury, MA 01545

  • Other commercial real estate
  • 11.10 AC
For Lease

Property Details for 551 Boston Tpke

Lot size
11.10 AC
Zone code
CB
Property type
Other commercial real estate
APN
SHRE M:34 B:014000
APU
SHREM34B014000

Description

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.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $91,500,136
    Hospitality
    $83,813,632
    Educational
    $69,731,960
    Medical
    $72,130,152
    Retail
    $108,471,936
551 Boston Tpke, Shrewsbury, Massachusetts

Location Insight

City
Shrewsbury
County
Worcester
State
Massachusetts
Latitude
42.2777
Longitude
-71.7167
CBSA code
49340
CBSA name
WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$210,729
$3,752,500
$13,269,200
$17,021,700
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