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195 Mill St - Reservoire Pointe - 266 Residential Units 10.39 Acres of Commercial Land Offered at $11,167,360 CAD in Worcester, MA 01603

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INVESTMENT HIGHLIGHTS

  • Outstanding visibility, vista, access. Site is flat and level and ready to build. Entitlements are by-right.

EXECUTIVE SUMMARY

195 Mill Street (the"Property"), an outstanding development opportunity in Worcester. Taking topography into consideration, this +- 10.39 acre site can accommodate 266 residential units on grade with all required parking being surface parked. The property is zoned BG 2.0 which permits multifamily residential by-right. This well situated site can be redeveloped commercially, residentially or mixed-use. With limited availability of land in Worcester, this site offers an unparalleled opportunity. The property is located directly across the street from Coes Reservoir providing a tranquil unobstructed water view vista. The property is located seconds away from Park Avenue (Route 9), Worcester Regional Airport, Webster Square Plaza and has tremendous highway access to Route 146, I-90, & I-290. Being entitled now.

PROPERTY FACTS

Price $11,167,360 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 10.39 AC
Zoning BG 2.0 - Business General

1 LOT AVAILABLE

Lot

Price $11,167,360 CAD
Price Per AC $1,074,818.12 CAD
Lot Size 10.39 AC

10+ Acre Parcel. Ready to build 266 surface parked residential units. Former building on site razed and removed. Largest and easiest to build residential project in the city of Worcester.

DESCRIPTION

All buildings have been razed and the site has been cleared.

  • Listing ID: 28192659

  • Date on Market: 2022-06-06

  • Last Updated:

  • Address: 195 Mill St, Worcester, MA 01603

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