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Wright's Mill 85 South St 592,000 SF Industrial Building West Warren, MA 01092 $9,347,840 CAD ($15.79 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Significant $1,500,000 price reduction.
  • Spanning nearly 92 acres with 592,000 square feet of space, Wright's Mill offers vast redevelopment potential in the heart of Central Massachusetts.
  • Located between Worcester and Springfield, the property has direct access to Route 67 and is 12 minutes from the Massachusetts Turnpike.
  • Zoned within the Mill Conversion Overlay District, the site supports various uses, from industrial to residential, office, retail, and commercial.
  • Eligible for public incentives, historic tax credits, grants, and low-interest loans, with similar projects having successfully leveraged these tools.
  • With over 66,000 high-income residents within 10 miles, the area offers strong demographics and a local government that supports redevelopment.

EXECUTIVE SUMMARY

Take charge of this unmatched redevelopment opportunity in Worcester County with a newly significant reduced selling price.

The Wright's Mill complex illuminates the history of manufacturing in West Warren, Central Massachusetts, from the early 1800s to the 2000s. Comprising 15 buildings across six separate parcels, the development totals approximately 592,000 gross square feet on 92 acres. The buildings were once part of a bustling mill complex that produced cotton fabric, parachutes for World War II, and ribbons over the years.

A mix of residential and forested areas and the Quaboag River to the north border the property. The mill complex and several of its buildings are listed on the Massachusetts Historical Commission's Inventory of Historic and Archaeological Assets of the Commonwealth. Mill Conversion Overlay District (MCOD) zoning offers redevelopment flexibility that includes, but is not limited to, multifamily residential, light manufacturing, warehousing, office use, multi-tenant retail, arts, and institutional needs.

Engaged residents and a friendly local government surround the mill. The redevelopment of Wright's Mill could benefit from a range of public funding and financing tools, including state and federal programs successfully leveraged by similar projects. These programs vary in eligibility, with some designed for private developers and others reserved for public entities. Options to assist with reducing the cost of redevelopment include 40% historic tax credits, other tax incentives and credits, grant programs, low-interest loans, and infrastructure financing mechanisms.

Warren is midway between Springfield and Worcester, and the Wright's Mill complex could capture demand from these major metropolitan areas. The site is convenient to dining and retail amenities along State Route 67 and within 12 minutes of the Massachusetts Turnpike Palmer interchange. Approximately 66,260 residents live within 10 miles of the property, representing an average household income of nearly $98,900 annually.

Wright's Mill is in a unique market position for redevelopment, given its extensive size, Springfield and Worcester connectivity, and flexible zoning for various mixed uses.

MATTERPORT 3D TOURS

Building 3, Floor 3 Virtual Tour

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DATA ROOM Click Here to Access

PROPERTY FACTS

Price $9,347,840 CAD
Price Per SF $15.79 CAD
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
Property Type Industrial
Property Subtype
Manufacturing
  • General Retail Storefront Retail/Office
  • Industrial Warehouse
  • Office Office Residential
Building Class C
Lot Size 99.58 AC
Rentable Building Area 592,000 SF
No. Stories 4
Year Built/Renovated 1880/2020
Parking Ratio 0.17/1,000 SF
Clear Ceiling Height 12’
No. Dock-High Doors/Loading 10
No. Drive In / Grade-Level Doors 2
Zoning MCOD - Mill Conversion Overlay District

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 10,000-250,000 SF
  • Industrial
  • -
  • Now
  • 2nd Floor
  • 10,000-250,000 SF
  • Industrial
  • -
  • Now
Space Size Space Use Condition Available
1st Floor 10,000-250,000 SF Industrial - Now
2nd Floor 10,000-250,000 SF Industrial - Now

1st Floor

Size
10,000-250,000 SF
Space Use
Industrial
Condition
-
Available
Now

2nd Floor

Size
10,000-250,000 SF
Space Use
Industrial
Condition
-
Available
Now

1st Floor

Size 10,000-250,000 SF
Space Use Industrial
Condition -
Available Now

DEMOGRAPHICS

REGIONAL ACCESSIBILITY

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Boston
694,583
72
1 h 38 m
New York
8,398,748
169
3 h 37 m
Philadelphia
1,584,138
263
5 h 27 m
Baltimore
602,495
360
7 h 21 m
Washington
702,455
395
8 h 8 m
Virginia Beach
450,189
519
11 h 3 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
68,411
Total Labor Force
36,151
Unemployment Rate
3.28%
Median Household Income
$76,787
Warehouse Employees
7,041
High School Education Or Higher
93.40%
$ values in USD

NEARBY AMENITIES

RETAIL

United States Postal Service Business/Copy/Postal Services 9 min walk

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WARR-000021-000000-000039
Land Assessment
$562,621 CAD
Improvements Assessment
$1,319,214 CAD
Total Assessment
$1,881,835 CAD

SALE ADVISOR

SALE ADVISOR

Tony Marcotte, Senior Project Manager
As Senior Project Manager at MDP Development, Tony Marcotte brings deep expertise in the complete renovation and adaptive reuse of existing buildings throughout New England. Focusing on preserving historic character while delivering modern functionality, Tony specializes in managing complex redevelopment projects from initial planning through final delivery. His hands-on approach, attention to detail, and strong regional knowledge have made him a trusted partner in transforming underutilized properties into thriving residential, commercial, and mixed-use assets.
  • Listing ID: 31028319

  • Date on Market: 2024-02-23

  • Last Updated:

  • Address: 85 South St, West Warren, MA 01092

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