Current Use by Public Records
- Office Spaces
Property Details for 85 St
- Year built
- 1880
- Lot size
- 99.58 lot acres
- Property type
- Office Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional redevelopment opportunity presents the Wrights Mill Complex, a 99.58-acre site in Warren, MA, encompassing 15 buildings totaling approximately 592,000 gross square feet. The property, situated on the Quaboag River in the West Warren village, offers stunning views of the Quaboag Valley. The complex includes a mix of multi-story and single-story structures, plus a separate residential dwelling, many in good condition. Seven loading docks are available. The property is zoned MCOD (Mill Conversion Overlay District), allowing for diverse uses including residential, commercial, industrial, institutional, or mixed-use development. Pre-existing condominium conversion plans are available, along with a feasibility study for hydroelectric refurbishment. Its strategic location directly off MA Route 67, approximately 12 minutes from the Palmer MA Turnpike interchange, provides easy access to Springfield and Worcester. The site's adjacency to the Boston Subdivision railroad line adds significant logistical advantages. Ample on-site parking is also available. The property's rich history and potential for adaptive reuse, combined with the possibility of securing historic tax credits, grants, and other redevelopment incentives from state and local agencies, make this a truly unique investment prospect. The asking price is $7,700,000, with a price per square foot of $13.01. Currently, the occupancy rate is 1%, with a total of 15 units across the 15 buildings, built in 1880 and spanning four stories.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Worcester
- State
- Massachusetts
- Longitude
- -72.2331
- Latitude
- 42.2098
