70 Powder Mill Rd Maynard, MA 01754
- Investment properties
- 2,081 SF
- 1.06 lot acres
Current Use by Public Records
- Hawes Florist / Florist
Property Details for 70 Powder Mill Rd
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 1.06 lot acres
- Property size
- 2,081 SF
- Zone code
- B
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- MAYN M:010.0 P:101.0
- APU
- MAYNM0100P1010
Description
This exceptional development opportunity encompasses three contiguous lots totaling 2.26 acres at 66, 68, and 70 Powder Mill Road in Maynard, Massachusetts. Situated in Middlesex County, zip code 01754, this property presents a rare chance to create a thriving mixed-use development. Currently featuring existing multifamily and retail spaces, the site benefits from its location within Maynard's anticipated overlay district. This zoning designation offers increased flexibility, allowing for a diverse range of projects, including residential, retail, restaurant, office, and personal service uses. Special permits may even allow for hotels and other unique ventures. The properties are ideally positioned along the scenic Assabet River, offering a unique and desirable setting for a new development. This is more than just a development site
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $390,000
- 6.5%
- $430,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $460,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $405,000
- Retail
- $390,000
- Mixed-Use
- $350,000
- Hospitality
- $440,000
- Educational
- $440,000
- Residential Income
- $395,000
- Energy
- $380,000
- Income-Based Land
- $440,000
- Food Service
- $400,000
Location Insight
- Map
- Local Demand
- City
- Maynard
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.4437
- Latitude
- 42.4376
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA