Property summary
This exceptional 2-acre commercial land parcel presents a unique investment opportunity in Shrewsbury, Massachusetts. Located at 957 Boston Turnpike (Route 9), this property boasts unparalleled visibility and accessibility due to its corner location at the intersection of Route 9 and Walnut Street. The site benefits from strong traffic flow, making it ideal for a variety of commercial uses. Its strategic position offers significant advantages, situated directly adjacent to the Northborough Crossing, a substantial 650,000 square foot retail power center that includes an apartment complex and a newly constructed $25 million baseball complex. Further enhancing its desirability, a new assisted living development is currently under construction on the opposite corner. This prime location ensures high visibility and exposure to a dense population. The property's Average Daily Traffic (ADT) count is a significant 41,724 vehicles, underscoring its potential for attracting customers and maximizing business opportunities. This is a rare chance to acquire a highly visible and strategically located commercial land parcel in a thriving area with significant development and population density. The property is zoned for commercial use (specific zoning details should be independently verified). This presents a compelling opportunity for developers and investors seeking a high-impact location in a rapidly growing market.
Property profile
VerifiedCap rate & NOI
Current use
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Garden Center Hardware & Home Improvement
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Building Supply Construction Company
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CB · Shrewsbury, MAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for CB in Shrewsbury, MA.
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