65 River Rd W - Commercial LAND FOR SALE


Berlin, MA 01503 145,926 SF
$1,100,000 USD
212-430-5164
65 River Rd W, Berlin, MA for Sale
$1,100,000 USD
Commercial LAND - FOR SALE
1/5
145,926 SF

65 River Rd W
Berlin, MA 01503


HIGHLIGHTS

  • Up to 40,000 Square Feet of Development Allowed | Located in the VOD: Mixed-Use Village | Allowable: Retail, Residential, Office, Food, Service
  • Site Located at Entrance to 200+ Apartments | Opposite Homewood Suites | Adjacent to Shell Gas, Dunkin’, Growing Room Child Care, Pizza, Wine Store
  • Riverbridge Village is Located Within the Second Largest Metro Trade Area in New England | 15 Minutes from Downtown Worcester, MA
  • Over 800 Feet of Frontage at Two Rotaries with All Utilities Available to Development Site | Public Water with On Site Sewer Treatment
  • Over 1M SF of Retail Within 1 Mile | Solomon Pond Mall at 900,000 SF (Apple, Macy’s, JC Penney, H&M) | Target, Best Buy, DSW
  • Visibility from Interstate 290 Exit Ramp ½ Mile and 2.5 Miles to Interstate 495

OVERVIEW

The subject property is a 3.35 acre development parcel located at 65 River Road West in Berlin, MA. The town of Berlin is located within Worcester County at the intersection of Interstates 290 and 495. This parcel is located in the Southern section of town with direct visibility from the I-290 Exit ramps. The parcel currently contains two obsolete single story structures one of which was previously used as a wine shop which has recently moved to an adjacent parcel in a new building. The site can accommodate up to 40,000 square feet of commercial development between several buildings with uses including retail, restaurant, residential, office and service businesses. The site is situated between two rotaries which provide excellent traffic exposure and access to consumers. The site also sits at the entrance to a 204 unit multifamily development project know as The Rockwell Apartments and has access to all utilities. Across the street is a new 80,000 SF Homewood Suites by Hilton and a Shell Gas station with Convenience Store and a Dunkin’. Adjacent to the parcels is the Growing Room Child Development Center, a chain of day care facilities. The property is located within ½ mile of Interstate 290 which connects to Interstate 495 (2.5 Miles) and a major retail node with over 1M square feet of retail space including the Solomon Pond Mall (900,000 SF Anchored by Apple, Macy’s, JC Penney, H&M), Target, Best Buy, DSW and the 125,000 SF Headquarters for Digital Federal Credit Union (DFCU). Also within ½ mile is over 800,000 square feet of Industrial and lab space leased to tenants such as Genzyme, STERIS, Anderson and Wolf Building Products. Further South of I-290 and within 1 mile is another 1.5M square feet of industrial, office and lab spaces. Neighboring Marlborough, MA is home to over 40,000 residents and is a hub of high tech lab and office spaces from such companies as TJX, Raytheon, HP, AMD, Navilyst Medical, Netezza, Boston Scientific, Sunovian, AT&T, Apple, Evergreen Solar, Fidelity Investments, Quest Diagnostics, Lucent Technologies, CVE, Cavium, Hologic, NAPA Auto Parts and BJ’s Wholesale Club. Berlin is also only 15 minutes from downtown Worcester, MA which is currently experiencing a dramatic revitalization. Wide reaching economic development such as their new baseball stadium, expanded hospital facilities and thousands of new apartments serving the expanding employment base as well as the 6 colleges and universities which include Clark University, Worcester Polytechnic Institute (WPI), Assumpton University, College of Holy Cross, Worcester State University and Quinsigamond Community College.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/ACRE

$328,358/AC

PRICE/SF

$8 USD /SF

# OF LOTS

-

ON GROUND LEASE

Yes

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Apartment Units - Condo, Bank, Convenience Store, Garden Center, General Freestanding, Medical, Neighborhood Center, Restaurant, Strip Center

LAND ACRES

3.35 AC

LAND SF

145,926 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

Village Overlay District

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Seth RichardMarcus & MillichapMore Info
212-430-5164

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Seth RichardMarcus & MillichapMore Info
212-430-5164

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.