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Route 125 AT I-93
41.24 Acres of Commercial Land Offered at £7,347,093 in Wilmington, MA 01887
Investment Highlights
- The land has a development site of approximately 8 contiguous acres.
- Located in Boston’s Technology Corridor, Route 128/I-93 with ample I-93 frontage and high visibility.
- Adjacent to several million square feet of office, industrial, R&D, and residential space.
Property Facts
Price | £7,347,093 | Property Subtype | Commercial |
Sale Type | Investment or Owner User | Proposed Use | Mixed Use |
No. Lots | 1 | Total Lot Size | 41.24 AC |
Property Type | Land |
Price | £7,347,093 |
Sale Type | Investment or Owner User |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | Mixed Use |
Total Lot Size | 41.24 AC |
1 Lot Available
Lot
Price | £7,347,093 | Lot Size | 41.24 AC |
Price Per AC | £178,155 |
Price | £7,347,093 |
Price Per AC | £178,155 |
Lot Size | 41.24 AC |
41.24 acres, with 16 acres of developable site, available for purchase in a well-trafficked, high visibility location at the junction of Interstate 93 and Route 125 in Wilmington, MA, 30 minutes from Boston.
Description
Golden Opportunity to acquire 41.24 acres of undeveloped land located in Boston’s heavily traveled Technology Corridor at I-93/ Route 125. The offering consists of five parcels of land located east of Interstate 93 Northbound, Exit 41 off-ramp and south of Ballardvale Street (Route 125) in Wilmington, Massachusetts and has ample frontage to I-93. Property features 16.3 acres of developable upland and a contiguous 9 acres of developable upland along I-93 and Rte 125 frontage. Property is ideally situated between residential and commercial zones. The size and location make it ideal for many uses such as: • Residential subdivision • Mixed-use development • Multifamily • Education • Last-mile distribution facility The land is adjacent to several million square feet of office, industrial, R&D, and residential space. It is right across the street from a new 138,500 SF Target and retail center in the Ballardvale Street Business District and the 550,000 SF Ballardvale Office Park home to Osram Sylvania’s 125,000 SF new, regional headquarters. 15 miles north of Boston, Wilmington is known as a hub for industry-leading tech and manufacturing companies. The town of Wilmington is a strong Demographic Area with an Average HH Income of $122,813, median age of 41.4, and Median Home value of $473,800. The development will service the office and industrial business population and residents in the immediate area as well as the strong middle-to-high income communities of Andover, Wilmington, Reading, North Andover, North Reading, and Tewksbury.
PROPERTY TAXES
Parcel Number | WILM-000002R-000000-000000-000019A | Improvements Assessment | £0 |
Land Assessment | £133,986 | Total Assessment | £133,986 |
PROPERTY TAXES
Presented by
Route 125 AT I-93
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