197 Boston Tpke Shrewsbury, MA 01545-2545
Property profile & analytics
197 Boston Tpke Shrewsbury, MA 01545-2545
- Retail space
- 11,250 SF
- 1.30 lot acres
Property ID
US38-1177247
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- CVS Photo / (Bike/Boat/Book/etc) Store
- Bank of America ATM / Atm
- CVS / Pharmacy
- CVS Pharmacy / Pharmacy
- TD Bank ATM / Atm
Property Details for 197 Boston Tpke
- Year built
- 1999
- Construction
- STEEL FRAME
- Lot size
- 1.30 lot acres
- Property size
- 11,250 SF
- Zone code
- CB
- Property type
- Retail space
- APN
- SHRE M:32 B:096000
- APU
- SHREM32B096000
Description
This exceptional investment opportunity presents a 205-square-foot ATM space within a thriving CVS Pharmacy located at 197 Boston Turnpike in Shrewsbury, Worcester County. The property is a single-tenant retail space offering a highly visible and accessible location for an ATM. Given its placement within a busy CVS, this space benefits from consistent foot traffic generated by the pharmacy's customer base, ensuring high transaction volume potential. The property's convenient location along the Boston Turnpike guarantees excellent visibility and accessibility for potential ATM users. This turnkey solution requires minimal setup and offers immediate revenue generation potential. The space is currently available for lease, presenting a unique opportunity for investors seeking a stable, high-return investment in a prime retail location. The property's single-tenant occupancy simplifies management and reduces operational complexities. This is an ideal investment for those seeking a low-maintenance, high-yield asset in a densely populated area with strong demographics. The property's classification as both retail and special purpose reflects its unique and lucrative nature. Serious inquiries are encouraged to explore this exceptional opportunity further.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,775,000
- 6.5%
- $2,560,000
- 7%
- $2,375,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,223,000
- AI Estimate
- $1,696,000
Market price range: $791k - $2.86MMarket price range: $458k - $2.08M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,765,000 Current use
- RESTAURANT
- $2,120,000 Change: +20% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,725,000 Change: -2% Conversion: Difficult
- OFFICE BUILDING
- $1,530,000 Change: -13% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,420,000 Change: -20% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Shrewsbury
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7453
- Latitude
- 42.2755
- 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
$27,758
$591,000
$1,651,200
$2,242,200
-
$0.00
$0.00
$0.00
