Shovel-Ready Multifamily Development
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341 Broadway Road, Dracut, MA 01826
Comprehensive-permit approved site for 300 apartment units and 12 retail units with planned parking and community amenities.
Property Size363,568 SF
Lot Size46.50 Acres
Days on Market69
Property Features for 341 Broadway Road
General Information
Standard status
Active
Size
363,568 SF
Total Parking Spaces
480
Lot size
46.50 Acres
Property subtype
Land
Zoning
Business
Additional Details
Highway Access
Yes
Multifamily Units
300
Building Details
Stories
4
Listing Agency:
All Star Realty, Inc.
(617) 826-3490
Listed By:
Jerry Mazzeo
Source:
Dohertyproperties
Added: Jun 2
Changed: Aug 8
Last Checked: Aug 8 at 7:45AM
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.
Broadway Village is a comprehensive permit project under Chapter 40-B for the development of 300 apartment rental units and 12 retail units on 46.5 acres of wooded and vacant land in Dracut, Massachusetts. The proposed plan includes approximately 363,568 square feet of residential area across four multi-story buildings, along with 14,572 square feet of retail space. The development also contemplates a community pool and a fitness area, with 75 units designated as affordable at 80% AMI. A total of 480 parking spaces is included in the plan.
The site is positioned for convenient regional access, with proximity to the I-95 and I-495 interchanges and within an approximate 15-minute drive to Lowell MBTA commuter rail service into North Station.
For developers seeking an assisted-jurisdiction pathway, this property is supported by substantially complete plans and final engineering and may be delivered with the potential for a building permit in hand. The package is structured for a multifamily operator or developer looking to move forward on a Chapter 40-B approved entitlement that includes both residential density and planned retail.
The site is positioned for convenient regional access, with proximity to the I-95 and I-495 interchanges and within an approximate 15-minute drive to Lowell MBTA commuter rail service into North Station.
For developers seeking an assisted-jurisdiction pathway, this property is supported by substantially complete plans and final engineering and may be delivered with the potential for a building permit in hand. The package is structured for a multifamily operator or developer looking to move forward on a Chapter 40-B approved entitlement that includes both residential density and planned retail.
Key Highlights
- Comprehensive permit (Chapter 40‑B) approved for development of 300 apartment rental units and 12 retail units
- Planned across four multi‑story buildings with approximately 363,568 SF of residential area and 14,572 SF of retail space
- Includes community pool and fitness space on 46.5 acres of wooded and vacant land in Dracut, MA
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Comprehensive-permit approved site for 300 apartment units and 12 retail units with planned parking and community amenities.
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 (Chapter 40‑B) approved for development of 300 apartment rental units and 12 retail units; Planned across four multi‑story buildings with approximately 363,568 SF of residential area and 14,572 SF of retail space; Includes community pool and fitness space on 46.5 acres of wooded and vacant land in Dracut, MA
