Active
2 Days on market
1325 Main St Tewksbury — Photo 1 of 4

1325 Main St Tewksbury — Photo 1 of 4

$3,000,000

1325 Main St, Tewksbury, MA 01876

Tewksbury, MA 01876

Investor Analysis

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1325 Main Street presents a fully permitted mixed-use development opportunity along Route 38 in Tewksbury, Massachusetts. The approximately 2.10-acre site is approved for a four-building development consisting of 14 garden-style apartments, a required 14-bay private residential garage, and a 16,800 SF office-over-storage building containing six commercial suites. The property offers a flexible acquisition structure. A buyer may purchase the entire mixed-use development, acquire only the residential component with the apartment buildings and garage, or purchase the commercial component separately. The residential portion includes two matching two-story buildings with seven apartments each. The approved unit mix consists of four 1 bedroom apartments and ten 2 bedroom apartments, with two units designated as affordable. The residential component includes 37 parking spaces—14 private garage stalls and 23 surface spaces. The commercial component is approved as a 16,800 SF building with 8,400 SF of office space above 8,400 SF of grade-level storage. The current plans provide six individual suites, each featuring a grade-level overhead door, private interior stairway, restroom, office space, and covered entrance. An owner-user may also reconfigure the interior for a single company, fewer larger suites, or a customized office-and-storage layout while maintaining the approved building footprint. The vacant, rough-graded site offers approximately 241.7 feet of frontage on Main Street/Route 38 and is located within the Mixed Use Business zoning district. Public water, sewer, natural gas, and electricity are available in the street. Rare opportunity to acquire an approved development with multiple purchase and build-out strategies.

Property Details

Financials

Original Price$3,000,000
Annual Taxes$10,475

Parking

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Off-Street0

Interior Specifications

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SewerPublic Sewer

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ZoningMUB

Property & Lot

Acres2.09
SqFt Lot91,040
Lot FeaturesLevel, Cleared

Geography

Population

31,004

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$130K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

15.3%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Jeffrey Borstell

Listing Office: J. Borstell Real Estate, Inc.

MLS® Number: 73578952

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