Zoned Development Land
For Sale
$1,250,000
Pending
243 Riverneck Rd, Chelmsford, MA 01824
9.4-acre site with sewer, water, gas, and electric available at the street and both residential and industrial zoning.
Property SizeContact for details
Lot Size9.40 Acres
Days on Market756
Property Features for 243 Riverneck Rd
General Information
Standard status
Pending
Lot size
9.40 Acres
Property subtype
Land
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,524
Listing Agency:
Arakelian Real Estate, Inc.
(781) 820-3858
Listed By:
John R. Peterson · License #75186
(781) 820-3858
Source:
Exprealty
Added: Jul 15, 2024
Changed: Aug 8
Last Checked: Jun 19 at 6:58AM
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 Arakelian Real Estate, Inc.
Investment Insights
Based on property information with market context.
This offering presents a 9.4-acre development site with split residential and industrial zoning, described as approximately 3+ acres residential and 6+ acres industrial. The property has previously received approval through 3/10/22 for a 40B rental project consisting of a single apartment building with 48 two-bedroom units.
The seller notes multiple development possibilities, including townhome concepts (a conceptual plan for 26–28 units), assisted living, 55+ uses, nursing home uses, and religious opportunities. Utilities including sewer, water, gas, and electric are stated to be available at the street, and the seller indicates “reasonable” consideration will be given for time of permitting.
The property is presented as convenient to Chelmsford Center, routes including #129, #495, #3, and #128, and nearby train stations in Billerica and Lowell. The area is identified as part of Chelmsford’s 2017 designated Affordable Housing Plan.
The seller notes multiple development possibilities, including townhome concepts (a conceptual plan for 26–28 units), assisted living, 55+ uses, nursing home uses, and religious opportunities. Utilities including sewer, water, gas, and electric are stated to be available at the street, and the seller indicates “reasonable” consideration will be given for time of permitting.
The property is presented as convenient to Chelmsford Center, routes including #129, #495, #3, and #128, and nearby train stations in Billerica and Lowell. The area is identified as part of Chelmsford’s 2017 designated Affordable Housing Plan.
Key Highlights
- 9.4‑acre development site with 3+/- acres residential zoning and 6+ acres industrial zoning
- Utilities available at the street: sewer, water, gas, and electric
- Previously approved (through 3/10/22) as a 40B rental project for a single apartment building with 48 two‑bedroom units
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 01824, MA
26,881
Population
10,301
Households
2.6
Avg Household Size
44
Median Age
57%
College-Educated
96%
High-School Grad
18.1 sq mi
ZIP Area
1,485
Density / Sq Mi
$141,337
Median Household Income
$75,753
Median Earnings
$2,076
Median Rent
$590,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial land - 9.4-acre site with sewer, water, gas, and electric available at the street and both residential and industrial zoning.
Where is this industrial land located?
The property is located at 243 Riverneck Rd Chelmsford, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 9.4‑acre development site with 3+/- acres residential zoning and 6+ acres industrial zoning; Utilities available at the street: sewer, water, gas, and electric; Previously approved (through 3/10/22) as a 40B rental project for a single apartment building with 48 two‑bedroom units
