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    68 Powder Mill Rd Maynard, MA 01754

    Sponsored
    For Sale
    Contact for pricing

    Prime 2.26-acre multi-family site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.26-acre development opportunity in Maynard, Massachusetts, presents three contiguous lots at 66, 68, and 70 Powder Mill Road. Currently housing multi-family and retail spaces, this property is ideally situated within Maynard's anticipated overlay district, offering unparalleled flexibility for mixed-use projects. The zoning allows for a diverse range of developments, including residential, retail, restaurant, office, and personal services. Special permits may even allow for hotels and other unique ventures. Located along the scenic Assabet River in Middlesex County, this location is not only evolving but is at the heart of Maynard's growth. The strategic positioning within the overlay district provides increased zoning flexibility, making this a multifaceted investment opportunity in a thriving community. This rare offering of three contiguous lots provides a unique chance to shape a thriving neighborhood and capitalize on Maynard's upward trajectory. The combined acreage offers significant potential for a large-scale development project, catering to a variety of uses and maximizing investment returns. This is a truly exceptional opportunity for developers seeking a prime location with significant upside potential.

    Property Features for 68 Powder Mill Rd

    General Information

    Property type
    Multifamily properties

    HighLights

    • 2.26‑acre development site in Maynard, MA, comprising three contiguous lots at 66, 68, and 70 Powder Mill Road.
    • Currently improved with multi‑family and retail buildings, situated in Maynard's overlay district.
    • Mixed‑use zoning allows residential, retail, restaurant, office, and personal services; special permits may allow hotels.
    • Prime location along the Assabet River in Middlesex County, offering significant upside potential for large‑scale development.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    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
    Maynard
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4436886
    Latitude
    42.4370491

    Nearby Comparable

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    Nearby Similar for Sale

    • $2,200,000

      Value-Add Potential Multifamily Property

      Multifamily property with value-add potential in a strong location.
      22-26 Waltham St, Maynard, MA 01754
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      Well-maintained three-unit building with recent updates and parking.
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      Three-unit property in Maynard, ideal for investors or owner-occupants.
      30 Acton St, Maynard, MA 01754
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      Mixed-Use Development Opportunity

      Three contiguous lots with mixed-use development potential.
      66-68-70 Powder Mill Rd, Maynard, MA 01754
      View Details
    • Contact for pricing
      1,600 SF

      Retail Building in Maynard Center

      1,600 SF retail building in the heart of Maynard.
      151 Main St, Maynard, MA 01754
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    FAQs

    What type of property is this?
    Multifamily property - Prime 2.26-acre multi-family site
    Where is this multifamily property located?
    The property is located at 68 Powder Mill Rd Maynard, MA.
    What are key features of this property?
    This property features: 2.26-acre development site in Maynard, MA, comprising three contiguous lots at 66, 68, and 70 Powder Mill Road.; Currently improved with multi-family and retail buildings, situated in Maynard's overlay district.; Mixed-use zoning allows residential, retail, restaurant, office, and personal services; special permits may allow hotels.
    (978) 346-3098
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    68 Powder Mill Rd Maynard, MA 01754
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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
    68 Powder Mill Rd Maynard, MA 01754
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