Shrewsbury retail space on Route 9 sold for $1.6M
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516 Boston Turnpike, Shrewsbury
A 15,000-square-foot retail space at 516 Boston Turnpike in Shrewsbury has sold for $1.6 million.
The seller was Matica Trust, affiliated with the Armenti family, the long-owners of the property, according to the Worcester District Registry of Deeds.
This was an off-market transaction, and the buyer – Capital Property Investments, LLC of Worcester – indicated no future plans for the site, said Drew Higgins, vice president at Worcester broker Kelleher & Sadowsky Associates, Inc. Higgins, along with Principal William Kelleher represented the buyer in the transaction, which was completed on Dec. 30.
The 15,000-square-foot building is on a lot that is just over an acre and is situated between a gasoline station and an auto mechanic. It is assessed by the Town of Shrewsbury at $1.2 million.
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