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Singletary Arms 115 Main St 113,809 SF 100% Leased Industrial Building Millbury, MA 01527 $5,850,000 ($51.40/SF)
EXECUTIVE SUMMARY
Kelleher & Sadowsky Associates, Inc. proudly presents the remarkable development opportunity known as Singletary Arms, situated in Millbury, MA. This historic mill property showcases unparalleled architectural charm, reflective of a bygone era impossible to replicate today. Originating during the industrial revolution, it holds a storied past steeped in textile manufacturing and served as a production hub for the America Revolution-era Massachusetts Spy newspaper.
With permits secured for 180 residential units and over 6,000 square feet of commercial space, including two to-be constructed buildings elevated behind the existing structure, the site is primed for transformative development. The approved plans also call for 18 affordable units set at 80% of the area median income.
The demand for housing of this caliber is exceptionally high, especially given its proximity to Worcester, the second largest city in New England. Worcester's rental market, recently ranked as the third tightest in the nation, underscores the significance of this opportunity. Nestled in the highly coveted West Millbury area, the property offers seamless connectivity, mere minutes from Route 146 and a commuter's paradise with effortless access to the Mass Pike, Routes 20, 120, 290, and 395. The sale also includes the parcels at 119 West Main Street, and 3 & 4 Burbank Street.
With full approval in hand, this represents a rare gem in today's development landscape. For further details, please don't hesitate to reach out to us
With permits secured for 180 residential units and over 6,000 square feet of commercial space, including two to-be constructed buildings elevated behind the existing structure, the site is primed for transformative development. The approved plans also call for 18 affordable units set at 80% of the area median income.
The demand for housing of this caliber is exceptionally high, especially given its proximity to Worcester, the second largest city in New England. Worcester's rental market, recently ranked as the third tightest in the nation, underscores the significance of this opportunity. Nestled in the highly coveted West Millbury area, the property offers seamless connectivity, mere minutes from Route 146 and a commuter's paradise with effortless access to the Mass Pike, Routes 20, 120, 290, and 395. The sale also includes the parcels at 119 West Main Street, and 3 & 4 Burbank Street.
With full approval in hand, this represents a rare gem in today's development landscape. For further details, please don't hesitate to reach out to us
PROPERTY FACTS
| Price | $5,850,000 | Building Class | C |
| Price Per SF | $51.40 | Lot Size | 8.31 AC |
| Sale Type | Investment | Rentable Building Area | 113,809 SF |
| Property Type | Industrial | No. Stories | 4 |
| Property Subtype | Manufacturing | Year Built | 1800 |
| Zoning | I1 | ||
| Price | $5,850,000 |
| Price Per SF | $51.40 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 8.31 AC |
| Rentable Building Area | 113,809 SF |
| No. Stories | 4 |
| Year Built | 1800 |
| Zoning | I1 |
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PROPERTY TAXES
| Parcel Number | MILB-000070-000000-000099 | Improvements Assessment | $205,000 |
| Land Assessment | $375,000 | Total Assessment | $580,000 |
PROPERTY TAXES
Parcel Number
MILB-000070-000000-000099
Land Assessment
$375,000
Improvements Assessment
$205,000
Total Assessment
$580,000
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Singletary Arms | 115 Main St
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