$350,000
3-5 Park Street, Ayer, MA 01432
Current Rent **
N/A
Projected Rent **
N/A
17 Unit Res + 1 Commercial Development
DEVELOPMENT OPPORTUNITY STEPS TO THE COMMUTER RAIL!!! NEW MASSACHUSETTS HOUSING PROGRAMS OFFER GRANTS AND LOANS FOR THESE LOCATIONS!
INVESTMENT HIGHLIGHTS
+ Four Story Buildings permitted.
+ Extending Main St. zoning/development down Park St. making down town bigger.
+ NO Setbacks
+ New 2 Story Parking Garage next door & resident parking lot across the street.
+ Nashua rail trail behind.
+ Right on commuter path for commuters from T to parking garage.
3-5 PARK ST
+ Property Type: Land
+ Total Lot Size: 0.16 AC
+ Property Subtype: Commercial
+ Proposed Use: Commercial
Date Created: 9/29/2022
DESCRIPTION
Ayer is Revitalizing the down town area. Ayer’s Economic Development and Planning have a vision of a down town that attracts and holds people by bringing in developers that will create mixed use properties (Retail, Office & Residential) that utilize/compliment the commuter train, Nashua River Rail Trail and all of the great restaurants on Main Street.
Some of Ayer’s Planned Projects:
• Four Story Buildings permitted.
• NO Setbacks making lots completely buildable.
• New 2 Story Parking Garage to the Commuter/Nashua River Rail Trail parking areas.
• Added an Outdoor Park & Seating next to Commuter Train Station.
• Create space for Pop Up Markets.
• Extending Main St. zoning/development down Park St. making down town bigger.
This creates huge opportunities on these small down town lots.
LINKS
New Ayer Down Town Planning: https://www.ayer.ma.us/sites/g/files/vyhlif2756/f/news/downtown_park_street_form-based_code_section_10.4_final_5_13_2019_pdf.pdf
TRANSPORTATION
COMMUTER RAIL
+ Ayer Commuter Rail (Fitchburg/South Acton Line)Massachusetts Bay Transportation Authority Commuter Rail: 4 min walk 0.2 mi
+ Shirley Commuter Rail (Fitchburg/South Acton Line)Massachusetts Bay Transportation Authority Commuter Rail: 8 min drive 3.3 mi
PROPERTY TAXES
+Parcel Number: AYER-000026-000000-000105
+ Improvements Assessment: $54,200
+ Land Assessment: $108,200
+ Total Assessment: $162,400
ZONING
Zoning Code DB
Location:
3-5 Park Street, Ayer, MA 01432
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