Adaptive Reuse Multifamily
For Sale
$4,950,000
5 & 7 Hoosac, Adams, MA 01220
Two adjacent mill buildings total 225,189 sf on an 8.04-acre site, with proposed mixed-income multifamily units.
Property Size225,189 SF
Lot Size8.04 Acres
Price / SF$21.98
Days on Market181
Property Features for 5 & 7 Hoosac
General Information
Standard status
Active
Size
225,189 SF
Lot size
8.04 Acres
Property subtype
Commercial
Building Details
Year Built
1900
Stories
3
Listing Agency:
WILLIAM PITT SOTHEBY'S - LENOX
Listed By:
Richard G. Aldrich · License #009536117
(413) 243-1739
Source:
Barnbrookrealty
Added: Apr 23
Changed: Oct 19
Last Checked: Oct 19 at 10:10AM
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 WILLIAM PITT SOTHEBY'S - LENOX
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Investment Insights
Based on property information with market context.
This offering presents a residential condominium development opportunity within a proposed mixed-income, multi-family complex at the Spinning Mill. The site includes two separately deeded abutting parcels featuring 2- and 3-story mill buildings totaling 225,189 sf. The largest building, the Spinning Mill at 7 Hoosac St., is currently vacant, while the Cotton Mill at 5 Hoosac St. is currently used for storage. The proposed development calls for 212 to 219 units depending on architect’s design, with all units to be separately metered.
The property also notes that the owner has received preliminary approvals for State and Federal Historical Tax Credits, and local approvals are in place.
As currently structured, the development plan is tied to the two existing mill buildings on the consolidated 8.04-acre site and supports individualized unit metering for the planned residential condominium units.
The property also notes that the owner has received preliminary approvals for State and Federal Historical Tax Credits, and local approvals are in place.
As currently structured, the development plan is tied to the two existing mill buildings on the consolidated 8.04-acre site and supports individualized unit metering for the planned residential condominium units.
Key Highlights
- Two adjacent mill buildings totaling 225,189 sf on an 8.04‑acre site across two separately deeded abutting parcels
- Spinning Mill at 7 Hoosac St. offers 182,790 sf and is currently vacant
- Cotton Mill at 5 Hoosac St. provides 42,399 sf and is currently used for storage
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Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
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Business Placement
Demographics for 01220, MA
8,166
Population
4,563
Households
1.8
Avg Household Size
45
Median Age
25%
College-Educated
93%
High-School Grad
22.9 sq mi
ZIP Area
357
Density / Sq Mi
$56,285
Median Household Income
$44,708
Median Earnings
$930
Median Rent
$199,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two adjacent mill buildings total 225,189 sf on an 8.04-acre site, with proposed mixed-income multifamily units.
Where is this apartment building located?
The property is located at 5 & 7 Hoosac Adams, MA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Two adjacent mill buildings totaling 225,189 sf on an 8.04‑acre site across two separately deeded abutting parcels; Spinning Mill at 7 Hoosac St. offers 182,790 sf and is currently vacant; Cotton Mill at 5 Hoosac St. provides 42,399 sf and is currently used for storage
