1511 Grafton Rd, Millbury, MA 01527-4330
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R3 · Millbury, MAMillbury. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.