341 Broadway Road Dracut, MA SOLD

$3,425,000
Acres 47.50
Photo of 341 Broadway Road Dracut MA 01826

Sold By

Christopher Sower, Cushman & Wakefield



Description

Broadway Village is a fully permitted 278-unit apartment development opportunity located in Dracut, MA. The projects comprehensive permit allows for 278 rental units in four elevatored buildings on the expansive 47.5-acre site. The project is envisioned as four story wood framed construction with surface parking (at a ratio of +/- 2 spaces per unit) and 58 structured/garage spaces. The thoughtfully designed community is replete with abundant tenant amenity spaces, including café areas, lounges, pet grooming, outdoor grills, cinema room, fitness center, bike storage and a large courtyard lawn and swimming pool. Additionally, the site is accessible to major transportation routes, including I-93 and I-495, and convenient to various employment centers in northern Massachusetts, southern New Hampshire and areas north and west of Boston. MBTA commuter rail service to Boston’s North Station is available in Lowell (Lowell Station) just 3.5 miles, less than a 15-minute drive from the property.


Listed by Colliers International, Christopher Sower
Sold by Cushman & Wakefield, Christopher Sower

Details

MLS 72614711
Status Closed
Price $3,425,000
DOM 429 days
Type Lot/Land
Lot Size 47.50 acres

Lot & Building Features

Sewer Other
Tax Year 9999
Taxes Paid $9,999
Water Other

Map

Land for Sale: 341 Broadway Road, Dracut, MA 01826 SOLD

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.