Property profile

85 St Warren, MA 01083

OFF-MARKET
Commercial real estate
99.58 ac lot Built 1880
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Year built 1880
Lot 99.58 ac (4,337,705 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

85 St Warren, MA 01083
Warren metro
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Value estimations

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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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