77 Boston Tpke, Shrewsbury, MA 01546
- Super regional malls
- 27,920 SF
- 2.33 lot acres
Current Use by Public Records
- FedEx Office Print & Ship Center / Courier Service / Postal Service
- Trader Joe's / Grocery & Convenience Store / Food Market
- Rush My Passport / (Bike/Boat/Book/etc) Store
- FedEx Drop Box / Postal Service / Courier Service
- Gerardo's Cupcakes Galore / Bakery / Specialty Food Shop
Property Details for 77 Boston Tpke
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.33 lot acres
- Zone code
- CB
- Property type
- Super regional malls
- Property subtype
- Shopping centers
- APN
- SHRE M:31 B:191000
- APU
- SHREM31B191000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 6, 2011 | — | Jefferson Holding Corp | — | Deed Of Trust · related | $2.9M · Aviva Life & Annuity |
| Jun 17, 1998 | $3,000,000 | Jefferson Shrews LP | Turnpike RT | Grant Deed | $2.7M · Republic Bank |
| Dec 16, 1996 | — | Turnpike RT | — | Deed Of Trust · related | $2.8M · Josedph J Cariglia |
| Dec 16, 1992 | — | Turnpike RT | — | Deed Of Trust · related | $575k · Shawmut Bank Of Boston |
Description
This exceptional retail opportunity is located within the Quinsigamond Plaza, a thriving community center situated at 77 Boston Turnpike in Shrewsbury, Massachusetts, 01546. The property boasts a total of 27,920 square feet and currently features a single suite. A significant 3,500 square feet of retail space is immediately available for lease, presenting a fantastic chance for a business seeking high visibility and convenient access. The center enjoys a strategic location on Route 9 West, a major thoroughfare ensuring high traffic volume and excellent exposure to potential customers. The property is zoned CB within Worcester County and offers a unique chance to establish or expand a business in a well-established commercial area. The existing tenant mix provides a strong anchor for the center, creating a synergistic environment for complementary businesses. This space is ideal for a variety of retail uses, offering ample room for customization and development to suit specific business needs. The property's prime location and substantial available space make it an exceptional investment opportunity for discerning businesses seeking a prominent presence in a bustling Shrewsbury commercial hub. Interested parties are encouraged to inquire further to explore the possibilities of this remarkable retail space.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,702,000
Market price range: $2.24M - $4.70M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $3,525,000 Current use
- RESTAURANT
- $5,265,000 Change: +49% Conversion: Difficult
- RETAIL STORES
- $4,380,000 Change: +24% Conversion: Easy
- AUTO REPAIR, GARAGE
- $4,285,000 Change: +22% Conversion: Difficult
- OFFICE BUILDING
- $3,795,000 Change: +8% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $3,350,000 Change: -5% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,075,000 Change: -13% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Shrewsbury
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7514
- Latitude
- 42.2754
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
