$1,200,000

Exceptional Worcester development opportunity. The most recent concept plan provides for 42 residential units in seven buildings, together with substantial on-site parking and a thoughtfully designed internal site layout.This is far more than raw development land. Significant engineering, site planning and entitlement work has already been completed, with extensive plans and supporting documentation available for review. The project has undergone several design iterations, with the 42-unit / 7-building configuration representing the current development concept.Preliminary architectural plans and elevations have also been prepared for the proposed residential buildings.At approximately $28,571 per proposed unit, the property offers a compelling opportunity for a multifamily developer seeking a well-located Worcester project where a substantial amount of the preliminary development work has already been undertaken.Plans, engineering, approval documentation and additional project information available to qualified prospective purchasers. Buyer to perform its own due diligence regarding the current status, transferability and requirements of all permits and approvals.