650 Water Street, Fitchburg, MA 01420

Listing office KW Commercial | Northeast Solutions d***@kw.com Show Phone

Listing date Jun 10, 2026

Source Realnex

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Overview

This offering presents a development site with an existing multifamily expansion plan for two (2) multi-family buildings, totaling 156 apartments. The property is positioned within a larger Arden Mills redevelopment and benefits from site groundwork associated with prior entitlement and development planning. The public information also references an existing Phase I condominium community completed with 204 residential units as part of the broader overall project context.

The site characteristics are described as approximately 14.96 acres with river frontage and a wooded setting. The property also has direct access from an established community roadway system, and the overview notes that existing utility and infrastructure framework is nearby.

For developers, operators, and investor groups seeking a partially entitled multifamily development opportunity, the configuration supports potential approaches outlined in the remarks, including a sale, joint venture, recapitalization, or phased development strategy. The surrounding project context includes an active residential community within the Arden Mills redevelopment, which can be relevant for planning, phasing, and coordination with existing on-site improvements.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Fitchburg

County

Worcester

State

Massachusetts

Longitude

-71.790504

Latitude

42.57578

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FAQs

What type of property is this?

Apartment building - Planned two-building multifamily expansion with 156 units within the Arden Mills redevelopment, on river-fronted, wooded acreage.

Where is this apartment building located?

The property is located at 650 Water Street Fitchburg, MA.

What are key features of this property?

This property features: Planned two‑building multifamily expansion with 156 apartments; Project located within the larger 26+ acre Arden Mills redevelopment; includes an existing Phase I condominium community with 204 residential units; ±14.96‑acre site with river frontage and a wooded setting