85 St Warren, MA 01083
- Commercial real estate
- 99.58 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 85 St
- Year built
- 1880
- Lot size
- 99.58 lot acres
- Property type
- Commercial real estate
Description
This exceptional 99.58-acre property presents a remarkable redevelopment opportunity. The Wrights Mill Complex, located in the picturesque West Warren village on the Quaboag River, comprises fifteen building sections across six separate parcels, totaling approximately 592,000 gross square feet. The property boasts a diverse range of structures, including multi-story buildings and more modern single-story industrial outbuildings, along with a detached residential dwelling. Many of the existing buildings are in good overall condition. Pre-existing condominium conversion plans are available for review, offering a clear pathway for residential development. A feasibility study detailing the potential refurbishment of a hydroelectric system is also included. The property's strategic location directly off MA Route 67, approximately twelve minutes from the Palmer MA Turnpike interchange, provides easy access to both Springfield and Worcester. This central location within the 15-town Quaboag Valley region offers stunning scenic views. The property is zoned within a Mill Conversion Overlay District (MCOD), opening doors to a multitude of usage possibilities, including residential, multi-tenant commercial, industrial, institutional, or mixed-use developments. This is a rare chance to acquire a substantial property with significant potential for a variety of lucrative ventures. The asking price is $7,700,000.
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
- Warren
- County
- Worcester
- State
- Massachusetts
- Longitude
- -72.2334
- Latitude
- 42.2102
