Shovel-Ready Multifamily Land
For Sale
Contact for pricing
341 Broadway Road, Dracut, MA 01826
Comprehensive-permit land for multifamily development with planned retail and structured parking.
Property SizeContact for details
Lot Size46.50 Acres
Days on Market67
Property Features for 341 Broadway Road
General Information
Standard status
Active
Total Parking Spaces
480
Lot size
46.50 Acres
Property subtype
Land
Zoning
Business
Additional Details
Highway Access
Yes
Multifamily Units
300
Listing Agency:
All Star Realty, Inc.
(617) 826-3490
Listed By:
Jerry Mazzeo
Source:
413realestate
Added: Jun 4
Changed: Aug 8
Last Checked: Aug 8 at 7:46AM
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 All Star Realty, Inc.
Investment Insights
Based on property information with market context.
This wooded, vacant land site supports a comprehensive permit for the development of 300 apartment rental units across four multi-story buildings. The project also includes 12 planned retail units, along with a community pool and fitness space. The proposal contemplates approximately 363,568 SF of residential area and 14,572 SF of retail space, with a total of 480 parking spaces, and a unit mix of one-, two-, and three-bedroom apartments. The development includes 75 affordable units at 80% AMI.
The site is located in Dracut, Massachusetts, with access to major transportation via proximity to an interchange for I-95 and I-495. It is described as within a 15-minute drive of the Lowell MBTA commuter rail service into North Station. The property may be delivered with plans and final engineering substantially complete, including the potential for a building permit in hand.
For developers and investors, the value of this offering is centered on an approved, mixed-use residential plan with supporting site and engineering work in progress. The comprehensive-permit framework, planned tenantable retail component, and included amenities may help streamline early execution for a multifamily operator looking to incorporate community-focused features and on-site retail space.
The site is located in Dracut, Massachusetts, with access to major transportation via proximity to an interchange for I-95 and I-495. It is described as within a 15-minute drive of the Lowell MBTA commuter rail service into North Station. The property may be delivered with plans and final engineering substantially complete, including the potential for a building permit in hand.
For developers and investors, the value of this offering is centered on an approved, mixed-use residential plan with supporting site and engineering work in progress. The comprehensive-permit framework, planned tenantable retail component, and included amenities may help streamline early execution for a multifamily operator looking to incorporate community-focused features and on-site retail space.
Key Highlights
- Comprehensive Permit under MA Chapter 40‑B for development of 300 apartment rental units plus 12 retail units
- 46.5‑acre wooded/vacant site with plans for four multi‑story residential buildings and approximately 363,568 SF residential area
- Retail component planned at 14,572 SF, with community pool and fitness space included in the proposed development
Property Analytics
Property Profile
Current Use
Lease Details
300
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 01826, MA
32,689
Population
12,480
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,572
Density / Sq Mi
$111,451
Median Household Income
$58,361
Median Earnings
$1,740
Median Rent
$466,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Comprehensive-permit land for multifamily development with planned retail and structured parking.
Where is this residential land & home lot located?
The property is located at 341 Broadway Road Dracut, MA.
What are key features of this property?
This property features: Comprehensive Permit under MA Chapter 40‑B for development of 300 apartment rental units plus 12 retail units; 46.5‑acre wooded/vacant site with plans for four multi‑story residential buildings and approximately 363,568 SF residential area; Retail component planned at 14,572 SF, with community pool and fitness space included in the proposed development
