115 Main StMillbury, MA 01527

For Sale
Call for price
180 Units, 62,244 SF, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional redevelopment opportunity presents a unique chance to transform the historic Singletary Arms property in Millbury, Massachusetts. Located at 115 W Main St, this 12.33-acre site encompasses a three-story, 62,244 square foot building, originally constructed in 1800, and includes additional parcels at 119 West Main Street, and 3 & 4 Burbank Street. The property currently has approved permits for the construction of 180 residential units, including 18 affordable units (80% AMI), and over 6,000 square feet of commercial space in two new buildings. This mixed-use development project benefits from its strategic location in the highly desirable West Millbury area, offering convenient access to major transportation arteries including Route 146, the Mass Pike, and Routes 20, 120, 290, and 395. The strong rental market in Worcester, the second largest city in New England, and its proximity to Millbury, further enhance the investment potential. This fully approved project represents a rare and compelling opportunity for significant returns in a thriving market. The existing building, with its rich history dating back to the American Revolution, offers a unique blend of historical charm and modern development potential. This is a turnkey project ready for immediate development.

Highlights

  • Exceptional redevelopment opportunity: 12.33-acre site in Millbury, MA with approved permits for 180 residential units (including 18 affordable units) and over 6,000 SF of commercial space.
  • Prime location at 115 W Main St, Millbury, MA, including additional parcels at 119 West Main Street, and 3 & 4 Burbank Street.
  • Strategic access to major transportation arteries: Route 146, Mass Pike, Routes 20, 120, 290, and 395.
  • Strong rental market in nearby Worcester, MA enhances investment potential.
  • Turnkey project ready for immediate development.

Property Details for 115 Main St

Property type
Mixed-use properties, Apartment buildings
Square Feet
62,244 SF
Year Built
1800
Buildings
1
Stories
3
Lot Size (sq. ft)
537,095 SF
Units
180

Location Insight

City
Millbury
County
Worcester
State
Massachusetts
Latitude
42.179560995084
Longitude
-71.77135956876
115 Main St, Millbury, Massachusetts

FAQs

What type of property is this?
Mixed-use property - 180 Units, 62,244 SF, Prime Location
Where is the mixed-use property located?
The property is located at 115 Main St Millbury, MA.
What are key features of this property?
This property features: Exceptional redevelopment opportunity: 12.33-acre site in Millbury, MA with approved permits for 180 residential units (including 18 affordable units) and over 6,000 SF of commercial space.; Prime location at 115 W Main St, Millbury, MA, including additional parcels at 119 West Main Street, and 3 & 4 Burbank Street.; Strategic access to major transportation arteries: Route 146, Mass Pike, Routes 20, 120, 290, and 395.
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115 Main St
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