This value-add opportunity is presently operating as a self storage facility of 19,085 net rentable square feet in 246 units. The current business is housed in a multi-level mill complex, parts of which were originally constructed in the 1840s with various structures added over the years. An opportunity exists to maintain the self storage business and the cash flow associated therewith while seeking permits and approvals to redevelopment the property to other uses such as multifamily, senior housing, office or a mixed use project.The most significant building on the site is red brick with large timber frame construction. A portion of this building has been converted to self storage units. There is significant upside potential both in improved management of the business as well as expansion of self storage units in the existing shell space of the mill building which has been sand blasted, cleaned and had windows replaced. After extensive research and planning the Commonwealth of Massachusetts will be removing the dam located on the property that spans the Satucket River near the intersection of Whitman and Plymouth Streets. Please see the reports available in the Due Diligence m
East Bridgewater is located in Plymouth County Massachusetts. The town is bordered by Whitman to the North, Hanson to the East, Bridgewater to the South and West Bridgewater to the West. The town is 25 miles south of Boston. Within a 5 mile radius of the property there is a total population of 87,463 in 29,276 households with an average household income of $81,401.
