195 Mill St - Reservoire Pointe - 224 Residential Units
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195 Mill St - Reservoire Pointe - 224 Residential Units
10.39 Acres of Commercial Land Offered at $9,844,800 CAD in Worcester, MA 01603
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 224 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 off ers 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.
Property Facts
| Price | $9,844,800 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 10.39 AC |
| Price | $9,844,800 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 10.39 AC |
1 Lot Available
Lot
| Price | $9,844,800 CAD | Lot Size | 10.39 AC |
| Price Per AC | $947,526 CAD |
| Price | $9,844,800 CAD |
| Price Per AC | $947,526 CAD |
| Lot Size | 10.39 AC |
10+ Acre Parcel. Ready to build 224 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.
zoning
| Zoning Code | BG 2.0 (Business General) |
| BG 2.0 (Business General) |
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Sam Adams - Plaza Properties
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195 Mill St - Reservoire Pointe - 224 Residential Units
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