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Multifamily Dev Opportunity

$899,000

480 Water Street, Fitchburg, MA 01420

Active
Last Updated: 10/22/2025

16,356 sqft

Building Size

1,072 acres

Lot Area

Details:
Building Size:    16,356 sqft
Lot Area:    1,072 acres
Year Built:    1960
Zoning:    CBD - Central Business District
Parking Spots:    35
Description:

This Property Presents a prime opportunity of an underutilized retail property, for multifamily Development in a city that actively supports residential growth and market rate high-density housing. Sewer, water, natural gas and power are all in place. This site is ideal for developers to looking to build in a pro – housing municipality whether for market rate rentals or mixed income housing the location and regulatory climate make this an attractive investment opportunity.


Situated on a main road with excellent visibility and access, the site is just walking distance from both the MBTA commuter rail and multiple Bus stops, offering seamless connectivity to the Greater Boston Area. Its proximity to downtown ensures future residents will enjoy walkable access to shops, restaurants and service, making it highly desirable location for tenants or making it highly desirable location for tenants or buyers seeking convenience and urban lifestyle amenities.

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