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34391898
34391894

3128 Cranberry Hwy, Wareham, MA 02538 For Sale

MP
MA 9506948
Marcus & Millichap - Boston
Listed by Marcus & Millichap - Boston
$1,000,000
2 days on market
Updated 2 days ago

Settler's Glen Development

Details
Property Type Multifamily, Land
Sub Type Residential, Apartment Building
Units 20
Price per SqFt $28
Buildings 10
Acreage 3.600
Zoning MR-30
Parking Spaces 80 spaces
Investment Type Redevelopment

3128 Cranberry Hwy, Wareham, MA 02538

Marketing description

Marcus & Millichap is excited to present the Settler's Glen development site located in Wareham, MA. The 3.6 acre site has been permitted for 20 units, including 10-duplexes. As currently planned, there will be 10 two-bedroom homes and 10 three-bedroom homes. All units will have 2 car garages, 2.5 baths, an open concept living area on the first-floor and back patios. Five of the units will be income restricted to households earning at or below 80% of Area Median Income.

The ulitilies including Eversource Electricity and public water/sewer is available in the street with exisiting easement. Pole mounted utilities exist along Red Brook Road and have been brought to the entrance of the site. The Winslow 2-Bedrooms and Alden 3-Bedrooms will range in size from 1,650-1,975 square feet. The buildings are spaced approximately 25 feet apart and accessible at grade.

The property is near Cape Cod Canal, Buzzards Bay, the new Wareham Crossing retail shopping center along with local beaches, Bay Pointe Golf Club, Massachusetts Maritime Academy and UMass Amherst Cranberry Station extension school. The location offers opportunities for access everything Cape Cod has to offer including shopping, services, restaurants, and recreation areas to individuals who do not drive via the MBTA GATRA bus.

Investment highlights

  • Settlers Glen is a Permitted 10-Building / 20-Unit Duplex Develolpment located in Wareham, MA
  • 40B Project on 3.6 Acres with 10 2-Bedrooms & 10 3-Bedroom units
  • Roughly 3000/SF Units with 2-Car Garage and roughly 80 Parking Spaces total

Listing Contacts

MP
MA 9506948
Marcus & Millichap - Boston
Listed by Marcus & Millichap - Boston

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Additional Information

Name
Matthew Pierce
License
9506948
Brokerage
Marcus & Millichap
Brokerage Phone
6178967214
Title
Senior Director Investments
Brokerage Address
100 High Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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