Multifamily Property for Sale in Millville, MA

  • Price: $1000K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Millville, MA 01529

Description

Permitted Development Opportunity Located at 179 Thayer St, Millville, MA is a 31-acre site that offers a rare opportunity for residential developers and investors. This site offers a quiet scenic setting with wooded areas and open space, yet in a convenient location, near local amenities with strong demand for quality housing with easy highway access to Worcester & Providence metros. Unlock the potential of this Millville development. The owner has completed and permitted two sets of plans for this site. Scenario One A permitted 17-Unit Multi-Family Project, see the attached plan. Zoned for Multi-Family Housing. There will be eight (8) duplexes and one single to utilize one well and septic system per building. The developer will be able to adapt their vision to finalize plans for unit sizing, approval and condominium document for this construction year. Scenario Two A permitted 17 parcel sub-division, see the attached plan with most lots above the minimum acreage providing an abundant amount of wooded privacy. This scenario will allow the developer to phase the project in 3-4 trenches, thereby completing pre-sales to improve cash flow to address the completion of infrastructure components. i.e. road, well, septic, wetland crossings and utilities. The Seller would consider a JV partnership that could jump start construction this year. Contact us today to explore the potential! Call/contact: Duncan Chapman 978-621-1290 Duncan@kw.com Chuck Vaciliou 781-953-2939 CVaciliou@erland.com Land Size: 31.0 Ac | Listing Type: FOR SALE

Market Context

This multifamily in Millville, MA is listed for sale at $999,999. It has been on the market for 39 days. Compare it against other multifamily listings for sale in Millville, MA — <a href="/search/sale/multifamily/massachusetts/millville">view the full market</a>.

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