Property profile

65 River Rd Berlin, MA 01503

OFF-MARKET
Land
3.35 ac lot
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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

Current use

Occupant on record · Public records
  • Construction Company General Contractor
  • Apartment Complex

Location

65 River Rd Berlin, MA 01503
Berlin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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