21–35 Pearl Street presents a compelling value-add and redevelopment opportunity in Webster, Massachusetts, combining a 57,414 SF historic New England mill with 5.10 acres of adjoining developable industrial land for a total of 7.28 acres. The three-story masonry building offers expansive floor plates, abundant natural light, freight elevator service, multiple overhead doors and at-grade drive-in access. Zoned Industrial (IND) and located approximately one mile from I-395, the property offers flexibility for multi-tenant flex/industrial, contractor and trade space, owner-user occupancy, storage, manufacturing, or adaptive reuse. The adjoining 35 Pearl Street parcel provides additional potential for outdoor storage, fleet/yard use, expansion or future development, subject to approvals and ongoing environmental remediation. Offered at $2,500,000 ($43.54/SF), the property provides an attractive basis for investors, developers and owner-users seeking scale, flexibility and significant repositioning potential in Southern Worcester County.