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    Main St Orange, MA 01364

    Sponsored
    For Sale
    $165,000

    Two historic brick buildings, endless potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    Located in the heart of Orange, MA's downtown, this exceptional redevelopment opportunity encompasses two magnificent three and four-story brick buildings situated on a 0.84-acre lot. These properties, boasting significant square footage and stunning historic architecture, present a unique chance to reshape a key area within an Opportunity Zone. The versatile nature of these buildings lends itself to a multitude of uses, including mixed-use developments incorporating residential and retail spaces, modern office complexes, or even vibrant cultural centers. Their prime location on the Millers River adds to their appeal, further enhanced by proximity to a large parcel currently undergoing environmental cleanup and another significant upcoming downtown project. The potential for substantial cost savings exists through the possibility of utilizing Historic Tax Credits for rehabilitation. Furthermore, the Orange Economic Development & Industrial Corporation (EDIC) is actively involved and committed to streamlining the permitting and approval processes, significantly reducing potential hurdles for developers. This presents a compelling investment opportunity for experienced developers seeking to contribute to the revitalization of Orange's downtown area and capitalize on the significant potential of these iconic structures. The asking price is $165,000.

    Property Features for Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    36,590 SF

    Building Details

    Year Built
    1850
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Orange
    County
    Franklin
    State
    Massachusetts
    Longitude
    -72.30967
    Latitude
    42.59061

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    FAQs

    What type of property is this?
    Commercial real estate - Two historic brick buildings, endless potential.
    Where is this commercial real estate located?
    The property is located at Main St Orange, MA.
    What is the asking price?
    The asking price for this property is $165,000.
    (978) 544-5100
    Request Owner's contact information
    Main St Orange, MA 01364
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    Orange, MA 01364
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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.

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    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
    Main St Orange, MA 01364
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