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Property profile & analytics
OFF-MARKET
Investment properties

284 Boston Tpke Shrewsbury, MA 01545-2646

3,320 SF 0.11 ac lot Built 1978
Entity Owned 18-yr Hold Free & Clear
Property ID
US38-1707382
Property summary
AI-generated overview

This exceptional Shrewsbury business opportunity presents a newly renovated 1,000 square foot basement space available for lease at $1000 per month. Located on the highly visible Route 9 east, directly across from Hooters, this space benefits from exceptional foot and vehicle traffic. The unit, situated in a mixed-use building, offers convenient access via a first-floor lobby entrance or a rear building staircase. Recent renovations include new flooring and walls, as well as a completely updated bathroom, making it ideal for a variety of professional services. Previously occupied by Matt's Shoes for over two decades, this space boasts a proven track record of successful retail operations. The 0.11-acre lot provides ample visibility and accessibility. The property is perfect for a resale shop, beauty services (facials, waxing, or body services), or a service industry headquarters. A one-year lease is required. Don't miss this chance to establish your business in a prime Shrewsbury location with high traffic volume and excellent visibility.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1978
Construction FRAME
Total area 3,320 SF
Lot 0.11 ac (4,792 SF)
Zoning code LB
APN SHRE M:32 B:505000
UPID US38-1707382
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
Current use
Occupant on record · Public records
  • Matt's Shoes Inc Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Ike's Den Clothing & Fashion Store
  • Duke's Collectibles (Bike/Boat/Book/etc) Store
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
LP Paquette · 18 yrs held
LP Paquette
since 2007
1 recorded transaction
2007
$1
Zoning & alternative use
LB · Shrewsbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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