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    OFF-MARKET
    Land

    65 River Rd, Berlin, MA 01503

    3.35 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.35-acre commercial development parcel, situated at 65 River Road West in Berlin, Massachusetts (zip code 01503), presents a unique investment opportunity. Located in the Village Overlay District, this property allows for up to 40,000 square feet of development, encompassing retail, restaurant, office, residential, and service uses. Boasting over 800 feet of frontage at two rotaries, the site offers unparalleled visibility and accessibility, with all utilities readily available. Its strategic location directly at the entrance to a 204-unit multifamily development, The Rockwell Apartments, and opposite an 80,000 square foot Homewood Suites by Hilton, ensures high traffic flow and consumer exposure. Nearby amenities include a Shell gas station with a convenience store, a Dunkin', and a Growing Room Child Development Center. The property benefits from its proximity to major transportation arteries, including Interstate 290 (within half a mile) and Interstate 495 (2.5 miles away), providing easy access to a substantial consumer base. Within a one-mile radius, there's over one million square feet of retail space, including the Solomon Pond Mall (900,000 square feet), Target, Best Buy, and DSW. Furthermore, the site is conveniently located near over 800,000 square feet of industrial and lab space, and within a short distance of a major retail node and significant industrial, office, and lab space in neighboring Marlborough, MA. This prime location, combined with the potential for substantial development, makes this property an attractive investment in a thriving area experiencing significant economic growth. The asking price is $1,100,000.

    Property profile
    Verified
    Property type Land
    Lot 3.35 ac (145,926 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Riverbridge North LLC Construction Company General Contractor
    • Rockwell Riverbridge Apartment Complex
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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