341 Broadway Rd Dracut, MA 01826

Listing agency All Star Realty, Inc. Show Phone

Listed by Jerry Mazzeo Show Phone

Source Elliman

Added: Jun 1 Updated: Jul 10 at 4:00PM Checked: Jul 16 at 8:46AM

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Investment Insights

Based on property information with market context.

Broadway Village is a comprehensive permit development under Massachusetts Chapter 40-B for 300 apartment rental units on 46.5 acres of wooded and vacant land. The plan includes approximately 363,568 SF of residential area across four multi-story buildings, along with 14,572 SF of retail space comprising 12 retail units. Amenities proposed include a community pool and fitness space, and the unit mix features one-, two-, and three-bedroom layouts, with 75 units designated as affordable at 80% AMI. The site plan also includes 480 parking spaces.

The property is located in Dracut, MA, with good access to major transportation due to proximity to the I-95 and I-495 interchanges. The development is also described as within a 15-minute drive of the Lowell MBTA commuter rail service into North Station.

For developers and partners seeking a controlled path to build, the property may be delivered with plans and final engineering substantially complete, with the potential for a building permit in hand. Retail components are planned as part of the overall residential community, supporting mixed-use execution within the same permit framework.

Key Highlights

• Comprehensive Permit (Chapter 40B) for Broadway Village: 300 apartment rental units plus 12 retail units
• Planned development on 46.5 wooded acres with approximately 363,568 SF of residential area across 4 multi‑story buildings
• Includes about 14,572 SF of retail space, plus community pool and fitness space

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FAQs

What type of property is this?

Apartment building - Comprehensive Permit under Chapter 40B for a 300-unit rental community with retail, pool, fitness, and 480 parking spaces.

Where is this apartment building located?

The property is located at 341 Broadway Rd Dracut, MA.

What are key features of this property?

This property features: Comprehensive Permit (Chapter 40B) for Broadway Village: 300 apartment rental units plus 12 retail units; Planned development on 46.5 wooded acres with approximately 363,568 SF of residential area across 4 multi‑story buildings; Includes about 14,572 SF of retail space, plus community pool and fitness space