RIVERFRONT DEVELOPMENT OPPORTUNITY — Sale in Fitchburg, MA

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

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RIVERFRONT DEVELOPMENT OPPORTUNITY — Sale in Fitchburg, MA, photo 1 of 4
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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

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