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Prime Industrial Land Opportunity
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Pending

Lot 1 Alder Street, Medway, MA 02053

9 acres of industrial land in Medway/Milford area.

Property Size392,000 SF
Lot Size9.00 Acres
Days on Market195

Property Features for Lot 1 Alder Street

General Information

Standard status Pending
Size 392,000 SF
Lot size 9.00 Acres
Property subtype Industrial, Land, Office
Listing Agency: CENTURY 21 The Real Estate Group
Listed By: Dave Consigli · License #MA
Source: Crexi
Added: Jan 24 Changed: Jul 6 Last Checked: Jul 25 at 8:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 The Real Estate Group

Investment Insights

Based on property information with market context.

This 9-acre industrial land parcel is situated within the Medway 495 Business Park, providing convenient access to Route 495, the Massachusetts Turnpike, Route 1, and Route 95. Preliminary engineering plans suggest the potential for constructing an approximately 6,000 square foot building in Medway, along with a 40,000 square foot industrial building on the Milford parcel, which benefits from frontage on Route 495. The site offers significant exposure and presents an opportunity for developers or end-users. Public utilities are available on the street. Note that the site will require completion of the permit process. An additional 7.8 acres may be available to expand the existing Milford parcel.

Key Highlights

  • Prime location within Medway 495 Business Park.
  • Close proximity to RT 495, Mass Pike, Rt 1, and Rt 95.
  • Potential for a 40,000 SF industrial building on the Milford parcel with Rt 495 frontage.

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Pharmacy Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

48
Businesses Nearby

Demographics for 02053, MA

13,115
Population
4,601
Households
2.9
Avg Household Size
43
Median Age
62%
College-Educated
97%
High-School Grad
11.5 sq mi
ZIP Area
1,140
Density / Sq Mi
$174,357
Median Household Income
$78,321
Median Earnings
$1,570
Median Rent
$588,900
Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
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Frequently Asked Questions

What type of property is this?
Industrial land - 9 acres of industrial land in Medway/Milford area.
Where is this industrial land located?
The property is located at Lot 1 Alder Street Medway, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime location within Medway 495 Business Park.; Close proximity to RT 495, Mass Pike, Rt 1, and Rt 95.; Potential for a 40,000 SF industrial building on the Milford parcel with Rt 495 frontage.
More about this property
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