Property profile

105 Hartford Tpke Shrewsbury, MA 01545

OFF-MARKET
Office Spaces
Property ID
US38-1501951
2,421 SF Built 1920
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Property summary

AI-generated overview

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 profile

Verified
Property type Office Spaces
Year built 1920
Total area 2,421 SF
UPID US38-1501951

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

105 Hartford Tpke Shrewsbury, MA 01545
Shrewsbury metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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