68 Tower St, Hudson, MA 01749

Massachusetts > Hudson

68 Tower St, Hudson, MA 01749

Mill Building Flex-Warehouse-Manufacturing Opportunity: 68 Tower St, Hudson, MA 01749

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For Sale

Industrial

For Sale

This property is available for sale

1.21

Acres

Negotiable

Sale Price

Year Built
1900
Total Building Size
39,770 RSF

Overview
Hudson's June 22, 2020 Town Meeting approved an Adaptive Reuse Overlay District (AROD) that allows Residential Development "By-Right" on this Industrial Zoned 39,414 SF property. The Town By-laws will allow eleven (11) units on the current sized parcel. The condominium market demand in the Hudson-Marlboro area of Metro-West for two-three bedroom units is running between $485,000 to $540,000. The property is 50% leased and generating revenue from Owner's lease. Owner to pay market rent going forward. Also up to 29,000 SF has the ability to be fully leased up until construction commences. Development opportunity for this mill complex residential conversion to condominiums. Great location in this well established quiet neighborhood just outside and east of downtown.

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For Lease

Industrial

Vacant

Available now!

8,000 - 30,000

Square feet

$4,334 - $16,251

Per month

Expandable to
30,000 sq. ft.
Time on Market
almost 4 years
Space ID
1974664

Overview
Flex-Manufacturing-Warehouse

Presented By

Tru Agent Real Estate
Duncan Chapman III

Christopher Hannon

Lisa Kilpatrick

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Property Details

Mill Building Flex-Warehouse-Manufacturing Opportunity

Hudson's June 22, 2020 Town Meeting approved an Adaptive Reuse Overlay District (AROD) that allows Residential Development "By-Right" on this Industrial Zoned 39,414 SF property. The Town By-laws will allow eleven (11) units on the current sized parcel. The condominium market demand in the Hudson-Marlboro area of Metro-West for two-three bedroom units is running between $485,000 to $540,000. The property is 50% leased and generating revenue from Owner's lease. Owner to pay market rent going forward. Also up to 29,000 SF has the ability to be fully leased up until construction commences. Development opportunity for this mill complex residential conversion to condominiums. Great location in this well established quiet neighborhood just outside and east of downtown.