Lincoln Street Redevelopment

  • Title

    Redevelopment Property

  • City

    Marlborough, MA

  • Price

    $550,000

  • Gross Leasable Area

    6,344 SF

  • No. Units

    9

  • Price/SF

    $86.70

  • Price/Unit

    $61,111

  • No. Stories

    2

  • Year Built

    1920

  • Lot Size

    .46 AC

Not found amenities.

Northeast Private Group is pleased to present the 487 Lincoln Street Redevelopment, located in Marlborough, MA.

The redevelopment on 487 Lincoln Street is a proposed build-on to an existing building that once held a bar. The permit was executed on 11/13/2017 and was granted with the intent to provide housing to young professionals in the greater Marlborough area. The parcel is located in the Residential ‘B’ and business zone and is currently permitted for nine (9) units. The approved floor-plan calls for three (3) studio apartments on the first floor, four (4) one bedroom apartments split evenly between the first and second floor and two (2) two-bedroom apartments on the second floor. The site will contain 19 parking spaces of that, 5 will be compact car spaces.

Marlborough is a city located in Middlesex County, Massachusetts and is about twenty miles east of Worcester and thirty miles west of Boston. The city has a population of about 39,900 residents, of that 45% are renters. The median household income is $72,222, about $1,500 higher than the state wide median.

Marlborough, Middlesex County, MA

Lincoln Street Redevelopment Offering Memo