Southbridge Industrial Building for
35 Optical Dr, Southbridge, MA
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198,300 SF industrial building suited for marijuana cultivation and manufacturing.
Type:INDUSTRIAL
Property size:
198,300 SFLot size:
64.74 AcresPrice / SF:
$20/SF- Added:
- Feb 6, 2023
- Days on Market:
- 1192
- Last Refresh:
- Apr 5 at 10:15 pm
Property Features for 35 Optical Dr
General Information
- Standard status
- Active
- Size
- 198,300 SF
- Lot size
- 64.74 Acres
- Property subtype
- INDUSTRIAL
Listing agent James G. Umphrey (508) 579-6080
Listing office Kelleher & Sadowsky (508) 579-6080
Listing date Feb 6, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Kelleher & Sadowsky
HighLights
- Permitted Use for Adult‑Use Marijuana: Special Permit and Site Plan Approval already in place.
- Significant Cost Savings on Electricity: On‑site co‑generation plant provides below‑market electricity rates, potentially saving over $500,000 annually.
- Historic Tax Credits: Opportunity to offset up to 40% of total project development costs.
- Redundant Power Supply: On‑site co‑generation plant plus National Grid ensures reliable power.
- Ideal Location within Southbridge Innovation Center: Advantageous zoning, park security, and no residential abutters.
- High Ceilings and Ample Loading Docks: Ceiling heights ranging from 15’ - 22’ and 8 tailboard loading docks.
Overview
This 198,300 SF industrial building is located within a 1.2 million square foot Industrial and Technology Park. The property is suited for marijuana cultivation and manufacturing. Adult Use Marijuana is a permitted use with Special Permit and Site Plan Approval. The location has advantageous zoning, park security, and no residential abutters. Ceiling heights range from 15 to 22 feet. There are 8 tailboard loading docks for shipping and receiving. Electricity is generated on-site by a co-generation plant delivering electricity at below market rates. True redundant power is available with National Grid also providing power. Historic Tax Credits are available which could be applied to offset up to 40% of the total project development costs. Electric capacity is already in place with the ability to deliver as much power as needed to the building. On-site, 24-hour security is part of the Southbridge Innovation Center amenities. A hotel and conference center abuts the Southbridge Innovation Center and includes a restaurant, health club, pool and meeting rooms. The location offers convenient access to Route 20 and I-90 and a deep labor force in Southbridge and the surrounding community. The town is eager to negotiate a host agreement and generate tax revenue for its community.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Manufacturing properties
Location Insight
- Map
- Local Demand
- City
- Southbridge
- County
- Worcester
- State
- Massachusetts
- Longitude
- -72.0225
- Latitude
- 42.0738
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FAQs
What type of property is this?
Manufacturing property - 198,300 SF industrial building suited for marijuana cultivation and manufacturing.
Where is this manufacturing property located?
The property is located at 35 Optical Dr Southbridge, MA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Permitted Use for Adult‑Use Marijuana: Special Permit and Site Plan Approval already in place.; Significant Cost Savings on Electricity: **On‑site co‑generation plant provides below‑market electricity rates, potentially saving over $500,000 annually.**; Historic Tax Credits: Opportunity to offset up to 40% of total project development costs.
