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    8 Main St Charlton, MA 01507

    Sponsored
    For Sale
    Contact for pricing

    17.6 acres, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 17.6-acre commercial land parcel presents a unique investment opportunity in Charlton, Massachusetts. Strategically located at the signalized corner of North Main Street and Route 20, this property sits within the Community Business (CB) zone, offering significant development potential. Previously permitted for a 130,000 square foot big-box anchored retail center, the site is conceptually designed to accommodate approximately 240 multi-family units, making it ideal for a mixed-use development. The rapidly growing residential population in Worcester County, coupled with an underserved retail market, creates a strong demand for new commercial ventures. This prime location benefits from excellent visibility and accessibility, situated near established amenities such as CVS, Harrington Hospital, and Southbridge Savings Bank. Furthermore, the property's proximity to a new Amazon distribution facility (projected 2023 completion), GFI, and Tree House Brewery enhances its appeal. Adjacent to the Masonic Overlook, a full-service adult community and assisted living campus, this site offers a compelling combination of location, zoning, and potential for significant returns. This is a rare opportunity to acquire a substantial land parcel in a thriving area with diverse development possibilities.

    Property Features for 8 Main St

    General Information

    Property type
    Land
    Lot Size
    766,656 SF

    HighLights

    • 17.6‑acre parcel at the southwest corner of North Main Street and Route 20.
    • Community Business (CB) zoning.
    • Conceptual plan for a 240‑unit multifamily development.
    • Proximity to CVS, Harrington Hospital, and Southbridge Savings Bank.
    • Near Amazon distribution facility (2023 completion), GFI, and Tree House Brewery.
    • Adjacent to Masonic Overlook senior living community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlton
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.972279
    Latitude
    42.145381

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    Nearby Similar for Sale

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      Multi-Unit Property with Barn & Pool

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      Charlton Multifamily Investment Opportunity

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    FAQs

    What type of property is this?
    Land - 17.6 acres, prime development opportunity.
    Where is this land located?
    The property is located at 8 Main St Charlton, MA.
    What are key features of this property?
    This property features: 17.6-acre parcel at the southwest corner of North Main Street and Route 20.; Community Business (CB) zoning.; Conceptual plan for a 240-unit multifamily development.
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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
    8 Main St Charlton, MA 01507
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