1071 Main St Woburn, MA 01801
- Land
- 4.50 lot acres
Current Use by Public Records
- Roketenetz Stanley / Garbage Collection Service
Property Details for 1071 Main St
- Lot size
- 4.50 lot acres
- Property type
- Land
Description
This exceptional 4.5-acre commercial land parcel presents a unique investment opportunity in Woburn, Massachusetts. Located at 1071 Main Street, this property is zoned R-2, allowing for a variety of development options including single-family homes, assisted living facilities, or apartment complexes, subject to obtaining the necessary permits. The site benefits from its inclusion in the Upper Main Street Overlay District (2010), which permits the construction of up to 57 luxury condominiums. Its strategic location across from Ledges at Woburn, a 168-unit residential development, ensures high visibility and access to a substantial existing residential population. While environmental remediation is required, significant progress has already been made. An estimated $1.2 million has been committed by the Mass DEP and EPA towards the estimated $4.5 to $5.3 million total cleanup cost. Furthermore, the property enjoys convenient access to major transportation routes, situated just 1.5 miles from Route 128 exit 53, providing easy commutes for residents and employees. The area boasts numerous nearby amenities, enhancing the overall appeal and potential for development. This is a rare opportunity to acquire a sizable, well-located parcel with significant development potential in a thriving Massachusetts community. The property is offered at $975,000. The zip code is 01801, and the property is located in Middlesex County.
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
- Woburn
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.1588
- Latitude
- 42.5182
