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429 Whitney StNorthborough, MA 01532

15 Acres, Rail & Residential Potential

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 15.721-acre parcel in Northborough, Massachusetts, presents a unique dual-development opportunity. Currently zoned 61A, the property's prime location offers immediate potential for an industrial trans-loading complex. Its "by-right" zoning allows for a rail trans-loading depot, perfectly situated less than a mile from the I-290 interchange and 1.1 miles from I-495. CSX's ongoing rail line upgrades further enhance this opportunity, connecting to the Devens Commerce Center. A conceptual plan allows for up to 14 rail cars on-site. Alternatively, the land offers significant potential for residential development. This would require either a Town Meeting vote to rezone for a developer's specific use (Town warrant deadline: January 15, 2025, for April 2025 meeting), a Zoning Board of Appeals (ZBA) approved use variance, or a 40B project, given the town's current 10.2% affordable housing rate. The town recently completed its MBTA-mandated rezoning in April 2024. Residential development could encompass various housing types, including senior housing, market-rate with affordable units, workforce housing, and cottage housing (500-1200 sq ft on minimum 5000 sq ft lots). The property's address is 429 Whitney St, Northborough, MA 01532, within Worcester County. Price is negotiable and will be determined based on the chosen development scenario.

Highlights

  • 15.721-acre land parcel in Northborough, MA, zoned 61A.
  • Suitable for industrial development as a rail trans-loading complex, with by-right zoning.
  • Prime location less than one mile from I-290 and 1.1 miles from I-495.
  • Alternatively, suitable for residential development, subject to rezoning or variance approval.
  • Residential development options include senior housing, market-rate, workforce, and cottage housing.

Property Details for 429 Whitney St

Property type
Land, Industrial properties
Lot Size (sq. ft)
684,807 SF

Location Insight

City
Northborough
County
Worcester
State
Massachusetts
Latitude
42.353051
Longitude
-71.634814
429 Whitney St, Northborough, Massachusetts

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429 Whitney St
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