Nestled at the bustling crossroads of Route 16 and Route 109, this 8.57-acre parcel offers a unique opportunity for developers and investors. The property is divided into two zones: a 2.9-acre commercial frontage and a 5.67-acre residential area.The commercial space enjoys exceptional visibility and accessibility, making it ideal for various businesses. Its prime location guarantees a steady flow of potential customers. Whether you envision retail, restaurants, offices, or services, this property's commercial potential is unmatched.The 5.67-acre residential area provides space for diverse housing development, from single-family homes to condos. Its strategic location ensures easy access to amenities, schools, and recreation.The mixed-use zoning allows for a harmonious blend of commercial and residential uses, creating a synergistic environment. Ideal for 40B development. Different terms in pricing for 40B project.
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School
TAX AMOUNT
18377.0
LATEST UPDATE
2024-03-24T07:09:46.678Z
PRICE CHANGE(S)
$3,500,000 Sep 19, 2023
$4,700,000 Mar 20, 2024
Property Details
Property TypeLand
StatusActive
MLS #73161101
SEWERAt Street
WATER SOURCEAt Street
Lot FeaturesOther
CITYMilford
COUNTYWorcester
STATEMA
SENIOR COMMUNITYNo
COMMUNITY FEATURESPublic Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School
TAX AMOUNT18377.0
LATEST UPDATE2024-03-24T07:09:46.678Z
PRICE CHANGE(S)
$3,500,000 Sep 19, 2023
$4,700,000 Mar 20, 2024
Market Trends
New Properties On Market
27
575%
Increase In New Listings
Average Asking Price
$397,581
$114,269 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$241
$49 Increase In List Price/Sq. Ft.
Data as of May 19, 2024.
Remaining statistics above are calculated on activity within the period from Mar 01, 2024 to Apr 30, 2024.
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