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Residential Condominium Development 2 Industrial Properties Offered at $6,881,836 CAD in Adams, MA
Investment Highlights
- Value-Add Redevelopment Opportunity: 225,189 SF across two historic mill buildings on an 8.04-acre site
- Historic Tax Credit Potential: Preliminary approvals secured for both State and Federal Historic Tax Credits
- Mixed-Income Housing Potential: Designed for a multi-family, mixed-income residential community
- Flexible Unit Program: Proposed 212–219 residential condominium units, depending on final design
- Entitlements in Place: Local approvals already obtained, reducing development risk
- Large Site Footprint: 8.04 acres with two separately deeded, contiguous parcels allowing for phased or coordinated development
Executive Summary
Residential Condominium Development Opportunity at the Adams Spinning Mill, Adams, MA., a proposed mixed-income, multi-family complex. $4,950.000. 2-3 story mill buildings totaling 225,189 sf situated on 8.04-acre site comprised of two separately deeded abutting parcels. The largest building, the Spinning Mill, at 7 Hoosac St., contains 182,790 sf is vacant, 5 Hoosac St., the Cotton Mill, contains 42,399 sf is used for storage. Proposed development will contain 212 - 219 units depending on architect's design. All units will be separately metered. Owner has received preliminary approvals for State and Federal Historical Tax Credits.
Local approvals are in place.
Local approvals are in place.
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Spinning Mill
7 Hoosac St, Adams, MA 01220 |
Industrial | 182,790 SF | 1900 | - |
|
Cotton Mill
5 Hoosac St, Adams, MA 01220 |
Industrial | 42,399 SF | 1900 | - |
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