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    Investment properties

    538 Hartford Tpke, Shrewsbury, MA 01545-4048

    2,372 SF 2.07 ac lot Built 1952
    Individually Owned 6-yr Hold
    Property ID
    US38-0659303
    Property summary
    AI-generated overview

    This exceptional commercial condo, situated on a highly visible 2.07-acre lot on Route 20 in Shrewsbury, MA, presents a unique investment opportunity. The property boasts 100% business exposure, ideal for a variety of professional uses, including dental, legal, or medical practices. Its convenient location near Hebert's Candy Mansion ensures high traffic and excellent brand visibility. The building itself is a fully furnished, luxury space, ready for immediate occupancy. The first floor features five offices, a spacious waiting room, and a well-equipped conference room, complete with leather couches, desks, and televisions. The property is designed for ultimate convenience, offering ample parking, even accommodating large industrial trucks and providing outside storage. The building is equipped with gas heat and air conditioning. Its zoning as light industrial allows for diverse business applications. The strategic location offers easy access to major roadways, including the Mass Pike, Routes 9, 146, 290, and 495, as well as proximity to the train. This turnkey property is a rare find, combining prime location, luxurious amenities, and exceptional functionality. Priced at $1,500,000.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1952
    Construction FRAME
    Total area 2,372 SF
    Lot 2.07 ac (90,169 SF)
    Zoning code LI
    APN SHRE M:48 B:009002
    UPID US38-0659303
    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
    • Surveys & Analysis Inc Land Surveyor
    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
    Floral Street T · 6 yrs held
    Floral Street T
    since 2019
    7 recorded transactions
    2019
    2017
    $450,000
    2003
    $262,748
    2003
    2001
    $150,000
    1998
    1988
    Zoning & alternative use
    LI · Shrewsbury, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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