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    429 Whitney St Northborough, MA 01532

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    For Sale
    Contact for pricing

    15 Acres, Rail & Residential Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15.721-acre parcel in Northborough, Massachusetts, presents a unique dual-development opportunity. Currently zoned 61A, the property's prime location offers immediate potential for an industrial trans-loading complex. Its "by-right" zoning allows for a rail trans-loading depot, perfectly situated less than a mile from the I-290 interchange and 1.1 miles from I-495. CSX's ongoing rail line upgrades further enhance this opportunity, connecting to the Devens Commerce Center. A conceptual plan allows for up to 14 rail cars on-site. Alternatively, the land offers significant potential for residential development. This would require either a Town Meeting vote to rezone for a developer's specific use (Town warrant deadline: January 15, 2025, for April 2025 meeting), a Zoning Board of Appeals (ZBA) approved use variance, or a 40B project, given the town's current 10.2% affordable housing rate. The town recently completed its MBTA-mandated rezoning in April 2024. Residential development could encompass various housing types, including senior housing, market-rate with affordable units, workforce housing, and cottage housing (500-1200 sq ft on minimum 5000 sq ft lots). The property's address is 429 Whitney St, Northborough, MA 01532, within Worcester County. Price is negotiable and will be determined based on the chosen development scenario.

    Property Features for 429 Whitney St

    General Information

    Property type
    Land
    Lot Size
    684,807 SF

    HighLights

    • 15.721‑acre land parcel in Northborough, MA, zoned 61A.
    • Suitable for industrial development as a rail trans‑loading complex, with by‑right zoning.
    • Prime location less than one mile from I‑290 and 1.1 miles from I‑495.
    • Alternatively, suitable for residential development, subject to rezoning or variance approval.
    • Residential development options include senior housing, market‑rate, workforce, and cottage housing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Clothing Store Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Northborough
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.634814
    Latitude
    42.353051

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    Nearby Similar for Sale

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      Office/Industrial Condos For Sale

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      Mixed-Use Flex Space Available

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    FAQs

    What type of property is this?
    Land - 15 Acres, Rail & Residential Potential
    Where is this land located?
    The property is located at 429 Whitney St Northborough, MA.
    What are key features of this property?
    This property features: 15.721-acre land parcel in Northborough, MA, zoned 61A.; Suitable for industrial development as a rail trans-loading complex, with by-right zoning.; Prime location less than one mile from I-290 and 1.1 miles from I-495.
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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
    429 Whitney St Northborough, MA 01532
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