115 Main StMillbury, MA 01527

Property Details for 115 Main St

Year built

1800

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

8.00 AC

Property size (Sq ft)

40,684 SF

Zone code

I1

Property type

Warehouses

APN

MILB M:070 B:0000099 L:

APU

MILBM070B0000099L

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $7,699,004

  Hospitality

  $7,052,246

  Educational

  $5,867,386

  Medical

  $6,069,174

  Retail

  $9,127,045

Location Insight

City

Millbury

County

Worcester

State

Massachusetts

Latitude

42.1774

Longitude

-71.7726

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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