RIVERFRONT DEVELOPMENT OPPORTUNITY — Sale in Fitchburg, MA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Fitchburg, MA 01420

Description

DEVELOPMENT OVERVIEW Planned Multifamily Expansion • Two (2) Multi-Family buildings • Total Planned Units: 156 apartments Existing Community Context • Part of larger 26+ acre Arden Mills redevelopment • Existing Phase I condominium community completed with 204 residential units Site Characteristics • ±14.96 Acres • River frontage and wooded setting • Direct access from established community roadway system • Existing utility and infrastructure framework nearby MARKET FUNDAMENTALS The Fitchburg / Leominster market continues to experience: • Strong demand for rental housing • Limited affordability for homeownership • Constrained housing inventory • Continued workforce housing need These conditions support long-term rental demand and absorption potential. Why This Opportunity Stands Out • Prior entitlement and development groundwork completed • Significant upside between land basis and stabilized value • Potential flexibility for: 1.Sale 2.Joint Venture 3.Recapitalization 4.Phased Development Ideal Buyer Profile • Multifamily developers • Value-add / opportunistic investors • Senior living operators • Groups seeking partially entitled development opportunities Land Size: 14.96 Ac | Listing Type: FOR SALE

Market Context

This commercial property in Fitchburg, MA is listed for sale. It has been on the market for 53 days. Compare it against other commercial property listings for sale in Fitchburg, MA — view the full market.

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