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    OFF-MARKET
    Turn key restaurants

    1511 Grafton Rd, Millbury, MA 01527-4330

    3,185 SF 0.45 ac lot Built 1950
    Individually Owned Free & Clear
    Property ID
    US38-1454043
    Property summary
    AI-generated overview

    This exceptional 1.5-acre corner lot at 1511, 1515, and 1517 Grafton Road in Millbury, Massachusetts, presents a unique investment opportunity. Strategically positioned directly across from the Mass Pike Exit 96 on- and off-ramps, this property boasts unparalleled visibility and accessibility. The site offers 307 feet of frontage and benefits from public sewer and water connections. Currently zoned for mixed-use development, including retail, restaurants, gas stations, and drive-through facilities, this property is ideal for redevelopment. The Town of Millbury has already approved an ANR (approved needs review) for a single structure on the site, streamlining the development process. Detailed zoning information is available in the attached East Millbury Business District Bylaws. This prime location provides excellent access to major Central Massachusetts roadways, including the Mass Pike (I-90), Route 20, and I-290, ensuring high traffic volume and significant potential for commercial success. The asking price for this exceptional property is $2,900,000.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1950
    Construction FRAME
    Total area 3,185 SF
    Lot 0.45 ac (19,602 SF)
    Zoning code R3
    APN MILB M:006 B:0000199 L:
    UPID US38-1454043
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    DAMIAN C DILEO · 1 yrs held
    DAMIAN C DILEO
    since 2025
    Last sale
    $633,333
    1 recorded transaction
    2025
    $633,333
    Zoning & alternative use
    R3 · Millbury, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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