Last Updated: 1/23/2017 2:09 AM
Description for 45-47 River Street Millbury, MA 01527
The property consists of a one and two story, six-building former industrial mill building complex located on a single 3.2 acre parcel. Improvements have been constructed in phases. The buildings have been retrofitted to accommodate a mix of office, warehouse, flex, and commercial tenants including a restaurant, Curves fitness studio, and several small industrial spaces commonly referred to as incubator space. In addition, the property encompasses a one acre parcel of business zoned land located across the street from the primary site currently utilized as a parking lot. The owners have recently subdivided this parcel into two separate lots one of which may be utilized as a residential building lot. Tremendous investment opportunity with upside potential for excellent cash flow.
Exterior / Lot Features
30 Parking Spaces,
Current market conditions for 45-47 River Street
Active Market Trends
Median list price$339,900
Days on market128
Properties for sale35
Sold Market Trends
Median sold price$312,000
Sales to list price9,954.0%
Median sq ft price$174
Arrows indicate 90 day trend
Listing Price History for 45-47 River Street
Millbury Real Estate
Millbury is located in Massachusetts. Millbury, Massachusetts 01527 has a population of 13,270.
The median household income in Millbury, Massachusetts 01527 is $73,341. The median household income for the surrounding county is $65,968 compared to the national median of $53,046. The median age of people living in Millbury 01527 is 42.4 years.
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