848 N Bedford St 2.46 Acres of Commercial Land Offered at $849,000 in East Bridgewater, MA 02333

Phase II $849,000
Exceptional 40 B development opportunity in E Bridgewater, Massachusetts! This prime property is approved for the development of 30 rental apartments. Located just 4 miles from Bridgewater State University, this site is ideally positioned to meet the increasing demand for rental housing from students, faculty, staff and commuters. This Phase II project is a 40 B apartment housing with 25% to be designated as affordable. This is a three story building with 60 space garage and surface parking
Location: due to close proximity to Bridgewater State University ensures consistent rental demand.
Phase II consists of 30 rental apartments units in one building on 2.46 acres Zoning District. 25% will be affordable (8 units) to households earning up to 80% of Area Median Income("AMI") in accordance with state requirements for low or moderate income housing.
Note: This Phase II listing is part of a larger development opportunity totaling 140 apartment units in 4 separate buildings.
The overall project can be a phased development which allows for a staged approach to construction and investment.
Zoning Advantage: Recent updates permit multi-family housing by right, streamlining approvals and reducing regulatory hurdles. Meets state requirements for multi-family zoning, enhancing long-term value and eligibility for funding opportunities. Market Growth Potential: E Bridgewater’s real estate market is thriving, with rising home values. 10 mins from Commuter Rail.
Call Agent William Laferriere (CBRB) at 603-361-7018 for details.
Seller will provide ZBA approvals and NOI. Construction building permit to be obtained by buyer. OWNER FINANCING AVAILABLE FOR QUALIFIED INVESTORS! Plans provided upon request.