Main St Orange, MA 01364
- Commercial real estate
- 0.84 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Main St
- Year built
- 1850
- Lot size
- 0.84 lot acres
- Property type
- Commercial real estate
Description
Located in the heart of Orange, MA's downtown, this exceptional redevelopment opportunity encompasses two magnificent three and four-story brick buildings situated on a 0.84-acre lot. These properties, boasting significant square footage and stunning historic architecture, present a unique chance to reshape a key area within an Opportunity Zone. The versatile nature of these buildings lends itself to a multitude of uses, including mixed-use developments incorporating residential and retail spaces, modern office complexes, or even vibrant cultural centers. Their prime location on the Millers River adds to their appeal, further enhanced by proximity to a large parcel currently undergoing environmental cleanup and another significant upcoming downtown project. The potential for substantial cost savings exists through the possibility of utilizing Historic Tax Credits for rehabilitation. Furthermore, the Orange Economic Development & Industrial Corporation (EDIC) is actively involved and committed to streamlining the permitting and approval processes, significantly reducing potential hurdles for developers. This presents a compelling investment opportunity for experienced developers seeking to contribute to the revitalization of Orange's downtown area and capitalize on the significant potential of these iconic structures. The asking price is $165,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orange
- County
- Franklin
- State
- Massachusetts
- Longitude
- -72.3097
- Latitude
- 42.5906