Residential Condominium Development Industrial FOR SALE


Adams, MA
$4,950,000 USD
413-243-1739
, Adams, MA for Sale
$4,950,000 USD
Industrial - FOR SALE
1/5
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Residential Condominium Development
Adams, MA


HIGHLIGHTS

  • Value-Add Redevelopment Opportunity: 225,189 SF across two historic mill buildings on an 8.04-acre site
  • Flexible Unit Program: Proposed 212–219 residential condominium units, depending on final design
  • Historic Tax Credit Potential: Preliminary approvals secured for both State and Federal Historic Tax Credits
  • Entitlements in Place: Local approvals already obtained, reducing development risk
  • Mixed-Income Housing Potential: Designed for a multi-family, mixed-income residential community
  • Large Site Footprint: 8.04 acres with two separately deeded, contiguous parcels allowing for phased or coordinated development

OVERVIEW

Residential Condominium Development Opportunity at the Adams Spinning Mill, Adams, MA., a proposed mixed-income, multi-family complex. $4,950.000. 2-3 story mill buildings totaling 225,189 sf situated on 8.04-acre site comprised of two separately deeded abutting parcels. The largest building, the Spinning Mill, at 7 Hoosac St., contains 182,790 sf is vacant, 5 Hoosac St., the Cotton Mill, contains 42,399 sf is used for storage. Proposed development will contain 212 - 219 units depending on architect's design. All units will be separately metered. Owner has received preliminary approvals for State and Federal Historical Tax Credits. Local approvals are in place.

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Rich AldrichSotheby'sMore Info
413-243-1739

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Rich AldrichSotheby'sMore Info
413-243-1739

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.