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6 Depot St 118,000 SF 100% Leased Industrial Building Grafton, MA 01519 $3,790,000 ($32.12/SF)
Investment Highlights
- Historic mill building with significant redevelopment potential
- Direct access to Worcester and Boston via MBTA Commuter Rail
- Middle income market with strong population growth
- Minutes from Worcester region's largest employment centers
Executive Summary
The Klein Group of Marcus & Millichap is pleased to present 6 Depot Street, a 118,000-square-foot historic mill property located in Grafton, Massachusetts. Situated in one of Central Massachusetts' fastest-growing communities, the property offers investors and developers the chance to transform a landmark asset into a significant residential project.
Originally constructed as a mill, the building retains the architectural features and historic character that have made adaptive reuse projects successful throughout New England. The property's size, layout flexibility, and transit-oriented location make it well-suited for a multifamily conversion or mixed-use redevelopment.
Located just minutes from the Grafton MBTA Commuter Rail station, the property provides convenient access to Worcester, Boston, and the broader Central Massachusetts region. The surrounding area benefits from continued population growth, strong household incomes, and limited new housing supply. Combined with the property's historic foundation and redevelopment potential, these market fundamentals support a compelling multifamily conversion opportunity.
Originally constructed as a mill, the building retains the architectural features and historic character that have made adaptive reuse projects successful throughout New England. The property's size, layout flexibility, and transit-oriented location make it well-suited for a multifamily conversion or mixed-use redevelopment.
Located just minutes from the Grafton MBTA Commuter Rail station, the property provides convenient access to Worcester, Boston, and the broader Central Massachusetts region. The surrounding area benefits from continued population growth, strong household incomes, and limited new housing supply. Combined with the property's historic foundation and redevelopment potential, these market fundamentals support a compelling multifamily conversion opportunity.
Property Facts
| Price | $3,790,000 | Rentable Building Area | 118,000 SF |
| Price Per SF | $32.12 | No. Stories | 4 |
| Sale Type | Investment | Year Built/Renovated | 1827/2017 |
| Property Type | Industrial | Clear Ceiling Height | 12’ |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 17.90 AC | ||
| Zoning | Village Mixed Use (VMU) - Under VMU zoning, the development aligns with the district's vision which promotes the conversion of existing buildings for multifamily development. | ||
| Price | $3,790,000 |
| Price Per SF | $32.12 |
| Sale Type | Investment |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 17.90 AC |
| Rentable Building Area | 118,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1827/2017 |
| Clear Ceiling Height | 12’ |
| No. Dock-High Doors/Loading | 2 |
| Zoning | Village Mixed Use (VMU) - Under VMU zoning, the development aligns with the district's vision which promotes the conversion of existing buildings for multifamily development. |
Utilities
- Water - City
- Sewer - City
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | GRAF-000123-000000-000280 | Improvements Assessment | $510,200 |
| Land Assessment | $559,400 | Total Assessment | $1,069,600 |
Property Taxes
Parcel Number
GRAF-000123-000000-000280
Land Assessment
$559,400
Improvements Assessment
$510,200
Total Assessment
$1,069,600
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