429 Whitney St Northborough, MA 01532

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.