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51 Chestnut St

Franklin, MA 02038
$1,075,000
9.69 Acres
  • Property Description
    "Chestnut Village" condominiums presents a unique opportunity to develop 27 total condominiums with 22 being conventional sales and 4 selling as affordable units, plus the property incudes 1 renovated three bedroom single family home that will be part of the condominium association. Planning Board & Conservation Approved with architectural, structural & site plans in hand. The current owner has several projects that are ongoing, making it the right time to sell this project at a price already calculated to offer significant financial opportunity for a developer looking to build a highly desirable 55+ living environment near downtown Franklin. There are many attractive local amenities for active residents including nearby shopping, restaurants public transportation, bike trails, parks golf course & more. Convenient to highways, state routes & the "T" commuter rail, residents will have easy access to Boston or Providence entertainment too! Additional details by request.
  • Highlights
    • Acres: 9
    • Property Type: Residential
    • Property Class: Land
    • Status: Closed
  • Additional Details
    • Lot Features: Easements, Wooded
    • Zoning: Sf-iv
    • Road Frontage Type: Public
  • Amenities
    • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Bike Path, Conservation Area, Highway Access, T-Station, University
  • Utilities
    • Electric: At Street
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $511,400
    • Taxes: $6,029
    • Tax Year: 2024

Location

51 Chestnut St, Franklin, MA 02038

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