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250B Boston - Worcester Turnpike Rd - 250B Turnpike Rd 3 Acres of Residential Land in Southborough, MA 01772
Investment Highlights
- Approved 32-unit 40B residential development opportunity
- Close proximity to Route 9, I-495, the Mass Pike, retail, services, and offices
- 28 two-bedroom units and 4 three-bedroom units (68 total bedrooms)
- 25% affordable component, consisting of 8 affordable units at 80% AMI
- Due diligence materials available, including recorded Comprehensive Permit, civil/site plans, septic plans, and lot/property division materials
- Approved plans contemplate municipal water, private septic, stormwater infiltration, and underground utilities
Executive Summary
The seller can make available a due diligence package including the recorded Comprehensive Permit decision, civil/site plans, septic design materials, property division/lot area materials, and related permitting documents. Purchasers should independently review the Comprehensive Permit conditions, MassHousing/regulatory requirements, Conservation Commission requirements, final engineering requirements, utility/septic approvals, and any final lotting or easement documentation.
The current approval is for rental townhouse units. A purchaser interested in an alternative ownership structure, including a potential condominium or for-sale execution, should independently evaluate feasibility and required approvals.
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Apartment Units |
| Property Type | Land | Total Lot Size | 3.00 AC |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 3.00 AC |
1 Lot Available
Lot
| Lot Size | 3.00 AC |
| Lot Size | 3.00 AC |
Approved residential development site off Route 9/Turnpike Road in Southborough with planned access via easement. Designed for a low-rise townhouse community with convenient access to I-90, I-495, and the MetroWest region.
Description
250B Turnpike Road presents a rare opportunity to acquire an approved residential development site in Southborough, Massachusetts. The project has received Comprehensive Permit approval for a 32-unit townhouse-style rental development consisting of 28 two-bedroom units and 4 three-bedroom units, for a total of 68 bedrooms. Eight units, representing 25% of the project, are approved as affordable units restricted to households earning up to 80% of area median income. The approved concept provides a desirable townhouse-style rental product in the strong MetroWest residential market, with convenient access to Route 9 / Turnpike Road, I-495, the Massachusetts Turnpike, nearby retail, services, office parks, and regional employment centers.
Presented by
250B Boston - Worcester Turnpike Rd - 250B Turnpike Rd
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