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47 Elm St - JV/Dev. Opportunity Possible Contractor Bays 16.52 Acres of Commercial Land in Norton, MA 02766

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INVESTMENT HIGHLIGHTS

  • Residential Development Site ~ 140+ units Possible ~ Some Remediation Work Necessary - Priced to Sell

EXECUTIVE SUMMARY

Attention Joint Venture Partners
Land available in Norton for Development of Contractor Bays and/or Warehouse use
Former industrial mill in disrepair and at the end of a clean up process
Foreclosing Party seeks a partner for development
Address: 47 Elm St. Norton MA
Lot size. 16.25 AC
Rezoned to Village Center Core, VCC
On the Rumford River
Possible Remediation Work Needed
Easy Highway Access ~ Minutes to 495, off Rte 123 East Main Street
Close Proximity to Wheaton College, Myles Standish Industrial Park, TPC Boston, Norton Center, etc.
37 miles to Boston
23 miles to Providence RI
Conveniently Situated South of Boston with easy access to the Cape, Western MA and Rhode Island
Perfect opportunity for developers with experience in contaminated sites.
The property has a long history of environmental issues, but is at the end
of the clean-up process and needs to get a “Permanent Solution” report.
Opportunity:
This foreclosure property offers a unique opportunity for developers with experience on contaminated sites.
Previously under agreement for Residential. Sewer was rejected to the site, so it is now Back on the Market.
Close to Wheaton College in a very desirable residential area in Norton. The foreclosing party is looking for a joint venture /developer who has a vision for a project that will enrich the area, possibly for contractor bays or warehouse use.

PROPERTY FACTS

Sale Type Investment
Sale Conditions
Distress Sale
  • Deferred Maintenance
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Hold For Development
  • Hold For Investment
  • Parking Lot
Total Lot Size 16.52 AC
Zoning VCC - VCC - Village Center Core Commercial Parking Facilities Allowed by Special Permit

1 LOT AVAILABLE

Lot

Lot Size 16.52 AC

Former Mill - Some Remediation Work May be Needed Town Water No Sewer

DESCRIPTION

Perfect opportunity for developers with experience on contaminated sites. This foreclosure property offers a unique opportunity for a number of Commercial uses. Rezoned to VCC, Village Center Core. A number of possibilities include Contractor Bays, Commercial Parking Facilities, IOS, Solar Panels, etc. Close to Wheaton College in a very desirable residential area in Norton. The property has a long history of environmental issues, but is at the end of the clean-up process and needs to get a “Permanent Solution” report. Obtaining a covenant not to sue can be a contingency to close. The foreclosing party is looking for a buyer/developer who has a vision for a project that will enrich the area.

  • Listing ID: 31343424

  • Date on Market: 3/27/2024

  • Last Updated:

  • Address: 47 Elm St, Norton, MA 02766

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