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    66 Powder Mill Rd Maynard, MA 01754

    Sponsored
    For Sale
    Contact for pricing

    Three contiguous lots, prime development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional development opportunity encompasses three contiguous lots totaling 2.26 acres at 66, 68, and 70 Powder Mill Road in Maynard, Massachusetts, within Middlesex County (zip code 01754). Currently featuring existing multi-family and retail spaces, this property presents a unique chance to create a thriving mixed-use development. The location is ideally situated along the scenic Assabet River and falls within Maynard's anticipated overlay district, offering increased zoning flexibility. This allows for a diverse range of development options, including residential, retail, restaurant, office, and potentially even hotels or other unique ventures subject to special permits. The strategic location within a rapidly growing community makes this not just a prime development site, but a multifaceted investment opportunity. The existing structures provide immediate income potential while offering the flexibility to redevelop according to the buyer's vision. This is a rare chance to acquire three contiguous lots in a desirable location with significant upside potential. The latitude and longitude coordinates are 42.4369765, -71.4439205 respectively.

    Property Features for 66 Powder Mill Rd

    General Information

    Property type
    Multifamily properties

    HighLights

    • Three contiguous lots totaling 2.26 acres in Maynard, MA.
    • Existing multi‑family and retail buildings provide immediate income.
    • Located in Maynard's anticipated overlay district, offering flexible zoning.
    • Prime location along the Assabet River in a rapidly growing community.
    • Significant redevelopment potential with diverse use options.
    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
    -71.4439205
    Latitude
    42.4369765

    Nearby Comparable

    • $3,100,000

      Mixed-Use Development Opportunity

      Three contiguous lots with mixed-use development potential.
      66-68-70 Powder Mill Rd, Maynard, MA 01754
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      Maynard, MA Development Land

      Prime 2.26-acre multi-family site
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      Maynard MA Development Land

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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
      View Details
    • $650,000

      Updated Three-Unit Residential Building

      Well-maintained three-unit building with recent updates and parking.
      91 Nason St, Maynard, MA 01754
      View Details
    • $629,900

      Maynard Three-Family Investment Opportunity

      Three-unit property in Maynard, ideal for investors or owner-occupants.
      30 Acton St, Maynard, MA 01754
      View Details
    • $3,100,000

      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
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Three contiguous lots, prime development potential.
    Where is this multifamily property located?
    The property is located at 66 Powder Mill Rd Maynard, MA.
    What are key features of this property?
    This property features: Three contiguous lots totaling 2.26 acres in Maynard, MA.; Existing multi-family and retail buildings provide immediate income.; Located in Maynard's anticipated overlay district, offering flexible zoning.
    (978) 346-3098
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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
    66 Powder Mill Rd Maynard, MA 01754
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