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    Reservoir St Avon, MA 02322

    Sponsored
    For Sale
    $3,500,000

    Rare Residential Zoning, High Visibility, Excellent Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 4.59-acre property in Avon, MA, presents a unique investment opportunity. Boasting approximately 200,000 square feet and 393 feet of frontage on Reservoir Street, the land is zoned RES HD, permitting one dwelling unit per 4,000 square feet. The sale encompasses two parcels, offering significant development potential. The property benefits from existing Brockton city sewer and water access at the street, further enhanced by an approved connection to a neighboring 104-unit project. An easement provides access to 400 feet of frontage on Route 24, significantly improving accessibility and visibility. The versatile zoning allows for a wide range of uses, including various residential development options, retail opportunities, planned business development, and even wireless broadcast towers exceeding 100 feet in height. Its desirable location offers convenient commuting access to Route 24 and Route 93, providing easy access to Boston. The seller may consider owner financing options, and land leasing opportunities are also available. Prospective buyers are responsible for conducting their own due diligence.

    Property Features for Reservoir St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    199,940 SF

    Building Details

    Year Built
    1996
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Avon
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.06044
    Latitude
    42.10627

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    FAQs

    What type of property is this?
    Commercial real estate - Rare Residential Zoning, High Visibility, Excellent Location
    Where is this commercial real estate located?
    The property is located at Reservoir St Avon, MA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    (508) 258-9775
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    Reservoir St Avon, MA 02322
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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
    Reservoir St Avon, MA 02322
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