Property profile

957 Boston Tpke Shrewsbury, MA 01545

OFF-MARKET
Commercial real estate
Property ID
US38-0620359
2,380 SF 15.83 ac lot Built 2017
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2017
Construction FRAME
Total area 2,380 SF
Lot 15.83 ac (689,555 SF)
Zoning code CB
APN SHRE M:36 B:019000
UPID US38-0620359

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Garden Center Hardware & Home Improvement
  • Building Supply Construction Company

Location

957 Boston Tpke Shrewsbury, MA 01545-3382
Shrewsbury metro Census 739401 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2018
1 recorded transaction
2018
$2.7M

Zoning & alternative use

CB · Shrewsbury, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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