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    1 Chase Rd Sturbridge, MA 01566

    For Sale
    $1,990,000

    Residential - Sturbridge, MA

    Lot size:
    36.00 Acres
    Days on Market:
    278
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 1 Chase Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Comm, & RR
    APN
    4670606
    Lot size
    36.00 Acres

    Building Details

    Architectural style
    Other

    RE/MAX PROFESSIONAL ASSOCIATES (STURBRIDGE) (508) 347-9595 [email protected]

    Listing agent David Bruce Ford (508) 347-9595

    Listing date Mar 4, 2025

    MLS# 73333739 Listing URL

    Copyright © 2025 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sturbridge Development Opportunity

    This Sturbridge property presents a development opportunity for investors. Previously approved for a 71-unit multiple dwelling project, the site includes 24 acres designated for town house-style homes and 12 acres of open space situated on a 450-foot cul-de-sac. Additionally, the property features a 3-acre commercial lot located at the corner of Hall Road and Chase Road. The 36-acre site is located approximately one-half mile from the on-ramps to I-84 and I-90, and is across from commercial establishments on Route 20. The location provides access to Route 49, Route 20, Route 148, Route 131, I-84, and I-90, facilitating accessibility throughout Central New England. The property's zoning is Commercial and Rural Residential. The site may be suitable for 55+ apartment rentals and assisted living.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sturbridge
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.065461
    Latitude
    42.115065

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    FAQs

    What type of property is this?
    Commercial land - Development opportunity near I-84 and I-90 in Sturbridge, Massachusetts.
    Where is this commercial land located?
    The property is located at 1 Chase Rd Sturbridge, MA.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: - Previously approved for a 71-unit Multiple Dwelling Project.; - Ideally situated 1/2 mile to I84 and I90 on-ramp.; - Exceptional access to Route 49, Rt. 20, Rt. 148, Tr. 131, I84 and I 90.
    (508) 347-9595
    Request Owner's contact information
    1 Chase Rd Sturbridge, MA 01566
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    Sturbridge, MA 01566
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Chase Rd Sturbridge, MA 01566
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