Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR LEASE
    Turn key restaurants

    7 Boston Tpke, Shrewsbury, MA 01545

    11,284 SF 1.32 ac lot Built 1989
    Entity Owned 31-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US38-1165207
    Property summary
    AI-generated overview

    This exceptional 16,851 square foot restaurant space presents a unique opportunity for a discerning operator in the thriving Shrewsbury, Massachusetts market. Located at 7 Boston Turnpike, this single-tenant retail property sits on a generous 2.67-acre lot, offering ample space for outdoor seating, parking, or expansion. The property is currently entirely vacant, providing a blank canvas for a new restaurant concept or a relocation for an established business. The building's existing infrastructure, as a second-generation restaurant space, offers significant advantages, potentially reducing initial build-out costs and time. This prime location in Worcester County boasts excellent visibility and accessibility from Boston Turnpike, ensuring high traffic volume and convenient access for customers. The property is zoned for restaurant use, simplifying the permitting process. This is an exceptional opportunity to establish a thriving restaurant business in a desirable and high-traffic area. The substantial square footage allows for a large dining area, expansive kitchen, and ample storage space. The 2.67-acre lot provides significant flexibility for future development or expansion. This property is available for lease and represents a rare chance to secure a prominent location in a vibrant community. Interested parties should inquire promptly to learn more about this exceptional opportunity. The property is located in Shrewsbury, MA, zip code 01545.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1989
    Construction FRAME
    Total area 11,284 SF
    Lot 1.32 ac (57,499 SF)
    Zoning code CB
    APN SHRE M:31 B:080000
    UPID US38-1165207
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.43M
    Blend (final) Blend
    $1.33M
    Owner & transaction history
    Renaissance Dev Corp · 31 yrs held
    Renaissance Dev Corp
    since 1995
    1 recorded transaction
    1995
    Zoning & alternative use
    CB · Shrewsbury, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message