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    OFF-MARKET
    Commercial real estate

    Reservoir St, Avon, MA 02322

    4.59 ac lot Built 1996
    Property ID
    Property summary
    AI-generated overview

    This exceptional 4.59-acre property in Avon, MA, presents a unique investment opportunity. Boasting approximately 200,000 square feet and 393 feet of frontage on Reservoir Street, the land is zoned RES HD, permitting one dwelling unit per 4,000 square feet. The sale encompasses two parcels, offering significant development potential. The property benefits from existing Brockton city sewer and water access at the street, further enhanced by an approved connection to a neighboring 104-unit project. An easement provides access to 400 feet of frontage on Route 24, significantly improving accessibility and visibility. The versatile zoning allows for a wide range of uses, including various residential development options, retail opportunities, planned business development, and even wireless broadcast towers exceeding 100 feet in height. Its desirable location offers convenient commuting access to Route 24 and Route 93, providing easy access to Boston. The seller may consider owner financing options, and land leasing opportunities are also available. Prospective buyers are responsible for conducting their own due diligence.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1996
    Lot 4.59 ac (199,940 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
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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