1628 Shawsheen StTewksbury, MA 01876

Property Details for 1628 Shawsheen St

Year built

1961

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.25 AC

Property size (Sq ft)

1,120 SF

Zone code

IH

Property type

Retail properties

Property subtype

Auto shops

APN

TEWK M:0113 L:0002 U:0000

APU

TEWKM0113L0002U0000

Description

This exceptional 3.04-acre parcel of land presents a unique investment opportunity in Tewksbury, Massachusetts. Ideally situated just two minutes from Route 93 via Dascomb Road, this property boasts unparalleled access to major transportation arteries, making it an attractive location for a variety of industrial uses. Zoned for industrial purposes, the site offers significant potential for development or expansion. The asking price for this expansive land is $3,000,000. Its location in Middlesex County, at 1628 Shawsheen St, Tewksbury, MA 01876 (42.619092, -71.184967), provides easy access to a skilled workforce and established infrastructure. The property's size and zoning make it suitable for a wide range of industrial applications, including warehousing, manufacturing, or vehicle storage. This is a rare opportunity to acquire a substantial piece of industrial land in a highly desirable location with excellent connectivity. Serious inquiries are encouraged to explore the possibilities this property offers. The property is being offered for sale as-is. Further due diligence is recommended by prospective buyers. This is a remarkable opportunity to secure a prime industrial site in a thriving Massachusetts market.

• CAP approach

  CAP return

  Valuation

  6%

  $272,199

  6.5%

  $251,261

  7%

  $233,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $368,775

  Geo Method

  $368,775

• Alternative Use

  Use

  Valuation

  Residential

  $211,948

  Hospitality

  $194,143

  Educational

  $161,525

  Medical

  $167,080

  Retail

  $251,261

Location Insight

City

Tewksbury

County

Middlesex

State

Massachusetts

Latitude

42.6191

Longitude

-71.1854

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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