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Property summary
This exceptional investment opportunity presents a 1.1-acre parcel in Charlton, Massachusetts, zoned for mixed use. The property, located at 32 & 34a Worcester Road, includes two multifamily buildings and offers 25 parking spaces. Situated on the corner of Gillespie Road and Route 20, this prime location boasts high visibility and daily traffic exceeding 26,000 vehicles. Its proximity to a major highway and a new, large Amazon distribution center further enhances its appeal. The property is subject to a ground lease. The current configuration offers multiple potential uses, including drive-through options, making it ideal for a franchise or independent business seeking high traffic exposure. This property presents a unique blend of residential income and significant commercial potential, making it an attractive investment in a rapidly developing area. The existing multifamily buildings provide immediate cash flow, while the zoning allows for a variety of future development possibilities. This is a rare opportunity to acquire a strategically located property with significant upside potential in a thriving market. The property is located a quarter mile from a new $390 million Amazon distribution center and minutes from major roadways.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice Spa & Massage Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ans of a site plan review and approval. N An excluded or prohibited use SP A use permitted under special permit granted by the Planning Board B. Use Regulation Schedule. Districts Principal Uses A or R-60 R-40 R-SE NB V…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Charlton market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CB · Charlton, MAans of a site plan review and approval. N An excluded or prohibited use SP A use permitted under special permit granted by the Planning Board B. Use Regulation Schedule. Districts Principal Uses A or R-60 R-40 R-SE NB V…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ans of a site plan review and approval. N An excluded or prohibited use SP A use permitted under special permit granted by the Planning Board B. Use Regulation Schedule. Districts Principal Uses A or R-60 R-40 R-SE NB V…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CB in Charlton, MA.
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