795 Boston TpkeShrewsbury, MA 01545

Property Details for 795 Boston Tpke

Lot size

0.69 AC

Zone code

LI

Property type

Parking lots & garages

APN

SHRE M:35 B:016000

APU

SHREM35B016000

Description

This ±1.16-acre commercial land parcel, located at 795 Boston Turnpike in Shrewsbury, Massachusetts, offers exceptional visibility and accessibility. Situated on the westbound side of Route 9, the property boasts approximately 400 feet of frontage along this major thoroughfare, ensuring high traffic counts and prominent exposure for any business. The land is clear and flat, presenting a readily developable site. Zoned Commercial Business (CB) in Worcester County, the property allows for a diverse range of uses, including banks, professional and medical offices, gas stations, and restaurants. Drive-thru options are also possible with the appropriate special permit from the Shrewsbury Planning Board. The owner is open to build-to-suit opportunities, tailoring the development to meet a prospective tenant's specific needs and requirements. This prime location provides convenient access to major area highways, making it an ideal site for businesses seeking high visibility and strong connectivity. The property presents a unique opportunity for businesses looking to establish a presence in a thriving commercial area. This is a rare opportunity to acquire a highly visible and versatile commercial land parcel in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,304,657

  6.5%

  $6,742,760

  7%

  $6,261,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,896,335

  Geo Method

  $9,896,335

• Alternative Use

  Use

  Valuation

  Residential

  $5,687,771

  Hospitality

  $5,209,968

  Educational

  $4,334,632

  Medical

  $4,483,706

  Retail

  $6,742,760

Location Insight

City

Shrewsbury

County

Worcester

State

Massachusetts

Latitude

42.2785

Longitude

-71.6916

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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