Singletary Arms

Market Price

115 West Main Street, Millbury, MA 01527

For Sale

Multifamily Mid High Rise

Active

Last Updated: 02/20/2025

Details:

Building Size: 40,684 sqft

Lot Area: 12.33 acres

Units: 180

Offered by

Kelleher Sadowsky

Office Manager

Kelleher & Sadowsky

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Description:

Kelleher & Sadowsky Associates, Inc. proudly presents the remarkable development opportunity known as Singletary Arms, situated in Millbury, MA. This historic mill property showcases unparalleled architectural charm, reflective of a bygone era impossible to replicate today. Originating during the industrial revolution, it holds a storied past steeped in textile manufacturing and served as a production hub for the America Revolution-era Massachusetts Spy newspaper.

With permits secured for 180 residential units and over 6,000 square feet of commercial space, including two newly constructed buildings positioned behind the mill, the site is primed for transformative development. The approved plans also call for 18 affordable units set at 80% of the area median income.

The demand for housing of this caliber is exceptionally high, especially given its proximity to Worcester, the second largest city in New England. Worcester's rental market, recently ranked as the third tightest in the nation, underscores the significance of this opportunity. Nestled in the highly coveted West Millbury area, the property offers seamless connectivity, mere minutes from Route 146 and a commuter's paradise with effortless access to the Mass Pike, Routes 20, 120, 290, and 395.

With full approval in hand, this represents a rare gem in today's development landscape. For further details, please don't hesitate to reach out to us.

Embrace the charm of Millbury, MA, surrounding Singletary Arms. Nestled in a thriving suburban community, the area offers a delightful mix of local conveniences and natural beauty. Residents can enjoy nearby attractions such as Asa Waters Mansion, Blackstone River and Canal Heritage State Park, and The Shoppes at Blackstone Valley for leisurely strolls and shopping excursions. With its close-knit atmosphere and easy access to major highways, this location presents an enticing opportunity for multifamily and mid-rise investors seeking to provide a comfortable and convenient living experience for residents. Invest in the allure of Millbury and be part of a welcoming community with endless appeal.