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957 Tpke Rd Shrewsbury, MA 01545

15 Acres, 3 Buildings, Prime Location

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
Exceptional investment opportunity in Shrewsbury, MA. This 15.83-acre mixed-use property boasts three one-story buildings totaling 100% occupancy with four corporate-guaranteed tenants under a triple-net (NNN) lease. The lease commenced December 1, 2020, with a five-year term, expiring December 1, 2025, leaving one year remaining. The property features Commercial-Business (CB) zoning, allowing for diverse uses. A ground lease is in place, expiring December 1, 2025, with 1.3 years remaining. The property underwent renovations in 2020 and enjoys a prime location on Boston Turnpike (Route 9), a high-traffic corridor with significant recent development, including the nearby Northborough Crossing retail center and apartment complex. This corner lot offers impressive street frontage on both Turnpike Road and Walnut Street. The property's size and location represent a rare opportunity within this thriving market. This is a privately owned Class B property. No lease options are available.

Highlights

  • Rarely available large 15+ acre parcel.
  • Prime Route 9 location within a thriving, recently developed area.
  • Three existing buildings with significant street frontage on Route 9 and Walnut Street.
  • Commercial-Business zoning allows for diverse mixed-use development.
  • Exceptional corner location adjacent to a major retail power center and new apartment complex.

Property Details for 957 Tpke Rd

Property type
Mixed-use properties, Land
Class
B
Year Renovated
2020
Buildings
3
Stories
1
Lot Size (sq. ft)
689,555 SF

Location Insight

City
Shrewsbury
County
Worcester
State
Massachusetts
Latitude
42.280753442497
Longitude
-71.67626413136

FAQs

What type of property is this?
Mixed-use property - 15 Acres, 3 Buildings, Prime Location
Where is the mixed-use property located?
The property is located at 957 Tpke Rd Shrewsbury, MA.
What are key features of this property?
This property features: Rarely available large 15+ acre parcel.; Prime Route 9 location within a thriving, recently developed area.; Three existing buildings with significant street frontage on Route 9 and Walnut Street.
How can I contact the broker?
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957 Tpke Rd
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