Pond Street Whitman

66 Pond Street, Whitman, MA

$4,750,000

Price

57,141 sqft

Building Size

7.8 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
57,141 sqft
Lot Area
7.8 acres
Units
1
Year Built
1890
Description

This 7.8 acre site is next to the Whitman MBTA Station which qualifies this site as a "Smart Growth" development.  

See the attached conceptual plan that shows a 234 unit project.   

The adjacency of the pond, town park and mass transit create a site that will be difficult to match

This industrial zoned property is being rezoned by the owner to High Density Residential.  This is the "Highest and Best" use ....
The owner also is willing commit to demolition of the exiting warehouse 61,000 SF structure as long as she can achieve the asking price. She would also welcome a JV.
 
The asking price of $4.75M is based on a per door price of $20,300 and a conceptual plan completed by the Owner that shows 234 units.....

The Town of Whitman and this property fall within the MA 2021 Legislation that requires MBTA municipalities to increase residential density around MBTA stations.
As we understand, Developers that support this requirment will be granted funding at $5K/unit...  

The site is well located with public parks, ballfields, retail and a short five minute walk to the Town Center.

Contact us to become the developer of this well located and timely opportunity.

Dana, Raj and Duncan     

Documents
Location
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