W Broadway - 0 Compass Lane - Multifamily Subdivision 17 Acres of Residential Land Offered at $1,875,000 in Gardner, MA 01440

NAI Glickman, Kovago & Jacobs is pleased to exclusively offer for sale a fully entitled, shovel-ready 17-acre residential development opportunity located off West Broadway in Gardner, Massachusetts. The offering consists of a 6-acre approved subdivision for 16 duplex buildings totaling 32 townhome units, together with an additional 11 contiguous acres available for future development. At least 7 of the lots have the capacity for special permitting allowing 3-4 townhome units.
The property has been rezoned to GR-3 (General Residence), the least restrictive residential district in the City of Gardner. The current ownership successfully petitioned the City to rezone the property f rom its prior Commercial II designation, unlocking the residential density that supports the approved 32-unit subdivision. The subdivision approvals, zoning, and recorded lots are all in place, with the only remaining pre-construction item being final MassDOT access permit approval.
The combination of completed entitlements, public inf rastructure, recorded zoning, and an additional 11 acres of contiguous development land positions this offering as a multi-phase platform investment in a supply-constrained Central Massachusetts submarket. The opportunity is well suited for developers and builders seeking immediate execution with long-term optionality. Select lots within the approved subdivision may be eligible for additional units subject to municipal review, providing a meaningful value-add component to the base offering.
Gardner continues to attract demand for quality rental and for-sale housing as buyers and renters seek attainable alternatives to higher-cost markets to the south and east, creating a meaningful supply gap for newly constructed townhome product at the scale. Comparison inventory is trading quickly and we estimated finished townhome product in 2026 and into 2027 to trade for $450,000 plus per unit.