Property Description

1325 Main Street presents a fully permitted mixed-use development opportunity along Route 38 in Tewksbury, Massachusetts. The approximately 2.10-acre site is approved for a four-building development consisting of 14 garden-style apartments, a required 14-bay private residential garage, and a 16,800 SF office-over-storage building containing six commercial suites. The property offers a flexible acquisition structure. A buyer may purchase the entire mixed-use development, acquire only the residential component with the apartment buildings and garage, or purchase the commercial component separately. The residential portion includes two matching two-story buildings with seven apartments each. The approved unit mix consists of four 1 bedroom apartments and ten 2 bedroom apartments, with two units designated as affordable. The residential component includes 37 parking spaces??14 private garage stalls and 23 surface spaces. The commercial component is approved as a 16,800 SF building with 8,400 SF of office space above 8,400 SF of grade-level storage. The current plans provide six individual suites, each featuring a grade-level overhead door, private interior stairway, restroom, office space, and covered entrance. An owner-user may also reconfigure the interior for a single company, fewer larger suites, or a customized office-and-storage layout while maintaining the approved building footprint. The vacant, rough-graded site offers approximately 241.7 feet of frontage on Main Street/Route 38 and is located within the Mixed Use Business zoning district. Public water, sewer, natural gas, and electricity are available in the street. Rare opportunity to acquire an approved development with multiple purchase and build-out strategies.

Property Features