Hartford Turnpike Portfolio of 3 3 biens | Shrewsbury, MA

Spellman & Malloch is pleased to present 824, 864, and 537 Hartford Turnpike in Shrewsbury, Massachusetts. A three-property industrial portfolio (Or will allow for selling parcels separately) totaling approximately 9.7 acres, ideally situated along a highly trafficked commercial corridor with immediate access to I-90, I-290, and I-495. This offering includes two actively leased income-producing parcels and one underutilized site with strong redevelopment or lease-up potential, making it well-suited for both investors and owner-users seeking a foothold in a constrained Central Massachusetts industrial market.
824 Hartford Turnpike is a 4.0-acre parcel of commercially zoned land currently partially leased. 864 Hartford Turnpike is a 2.9-acre site improved with two industrial buildings totaling 10,500± square feet and leased to a diversified tenant roster. These properties generate over $245,000 in annual gross income, with several rents positioned below market, offering immediate value-add potential through lease renegotiation or repositioning. 537 Hartford Turnpike is a 2.8-acre parcel with 6,7000 square feet of leased industrial space. This property offers a flexible industrial footprint and sits adjacent to the other parcels, enabling a potential assemblage play or standalone owner-user opportunity. This property generates more than $161,000 in annual gross income, with several rents positioned below market.
All three properties benefit from broad use allowances and are located within an established commercial node in Shrewsbury. With stable in-place cash flow, upside through re-leasing and rent escalations, and potential for long-term redevelopment, this portfolio presents a rare opportunity to acquire scalable industrial real estate in one of Metro Worcester’s most accessible submarkets.