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    5 Main St Auburn, MA 01501

    Sponsored
    For Sale
    Contact for pricing

    Residential & Commercial Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14.5-acre parcel presents a unique investment opportunity in Auburn, Massachusetts. Located at 5 Main St, 01501, this property boasts a prime location with convenient access to Route 290. Currently zoned Residential A, it also benefits from an existing industrial variance, expanding development possibilities. The substantial lot size offers significant potential for a variety of projects, including a residential community featuring townhouses or apartments. The site's suitability for a 40B project addresses the growing need for housing and increased density in the area. Public water and sewer services are readily available, simplifying infrastructure development. Its proximity to Auburn St. ensures excellent visibility and accessibility. This versatile land offers developers a chance to create a thriving community while capitalizing on the strategic location and existing zoning flexibility. The property's size and zoning make it an attractive proposition for those seeking to contribute to the area's housing needs and economic growth. Detailed zoning information and development guidelines are available upon request. This is a rare opportunity to acquire a large, well-situated parcel in a desirable Massachusetts town.

    Property Features for 5 Main St

    General Information

    Property type
    Land
    Lot Size
    631,620 SF

    HighLights

    • 14.5‑acre land parcel in Auburn, MA.
    • Zoned Residential A, with potential for Industrial use via variance.
    • Excellent location for residential development, including potential for 40B projects, townhouses, or apartments.
    • Public water and sewer available.
    • Convenient access to Route 290 and Auburn St.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.845274
    Latitude
    42.1882948

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Residential & Commercial Development Potential
    Where is this land located?
    The property is located at 5 Main St Auburn, MA.
    What are key features of this property?
    This property features: 14.5-acre land parcel in Auburn, MA.; Zoned Residential A, with potential for Industrial use via variance.; Excellent location for residential development, including potential for 40B projects, townhouses, or apartments.
    Request Owner's contact information
    5 Main St Auburn, MA 01501
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    Auburn, MA 01501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Main St Auburn, MA 01501
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