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504-512 Boston Turnpike - Availability Details

504-512 Boston Turnpike, Shrewsbury, MA 01545

  • For Sale $9,500,000
  • Property Type Industrial - Warehouse/Distribution
  • Property Size 77,502 Sqft
  • Parking Spaces Avail. 177
  • Date Updated Aug 24, 2021
As exclusive sales agent, Kelleher & Sadowsky Associates, Inc. is pleased to introduce 504-512 Boston Turnpike Road in Shrewsbury, Massachusetts. This prime investment/development opportunity is conveniently located at a signalized intersection on Boston Turnpike (Route 9) in Shrewsbury, Massachusetts. The property has 425’ (+/-) of frontage on the eastbound side of Route 9 and 400’ (+/-) of frontage along Lake Street. Historically, the primary ingress/egress to the property has been at the front of the building providing access to the eastbound side of Route 9 only. A secondary means of ingress/egress at Boston Turnpike/Lake Street signal was recently constructed and provides improved access to Route 9 in both eastbound and westbound directions. The 5.82 +- acre site is improved with a single story 87,219 +- square foot mixed-use building. Current ownership (Industrial Polymer & Chemicals) occupies 49,186 +- square feet of industrial space at the rear of the building. The balance of 38,033 SF of Route 9 fronted space serves as rental space with a total of 31,833 SF leased space that is occupied by a variety of retail tenants (listed below). For zoning purposes, the Town of Shrewsbury designates the property as being in a Limited Industrial District (LI). By definition, this zone is intended for “Use by research labs, office, and light industries.” Uses allowed by right include manufacturing, warehouse distribution, retail (including registered marijuana dispensary), and professional offices. Boston Turnpike (Route 9) in Shrewsbury has developed into the premier retail destination for Worcester and Metro West and hosts a varied mix of retailers including HTG Supply Hydroponics & Grow Lights, GC Fitness, Patel Brothers, Russian School of Mathematics, Deja Brew, Madhu's Beauty, Wicked Chronic, and Jiffy Lube. We are happy to provide current NOI information after execution of NDA.
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Location

  • City Shrewsbury, MA
  • Neighborhood Shrewsbury
  • Zip Code 01545
  • Market Worcester Springfield

Contacts

broker

Paul A. Matt

Kelleher & Sadowsky Associates

(508) 635-6781

Attachments

Contact Listing Broker

broker

Paul A. Matt

Kelleher & Sadowsky Associates

(508) 635-6781

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