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21 Pearl St Webster, MA 01570
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Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 58,000 sqft
Price per Sqft $0
MLS Listing ID 73346164
Bedrooms 99
Full Baths 99
Half Baths 99
Year Built 1924
Annual Tax Amount $16,430
Tax Year 2025
Lot Size 2.180 Acres
Acres 2.18
Property Sub-Type 5-9 Family
Property Description
LOOKING FOR OFFERS for this to be approved development site of 88 apartments with 1-3 commercial spaces. The $1 dollar price point is a place holder, price range 3M to 3.5M depends on how soon the sale could close and contingencies. Nestled in the heart of Webster, this historic gem offers an unparalleled investment opportunity. Situated just minutes off Route 395 and the Main Street, 21 Pearl boasts a prime location with scenic views of the French River and close proximity to town amenities. Additionally, adjacent land is available for purchase (MLS#73346171), to build an additional 78 more apartments. The existing building is eligible for receiving totally 40% gross development funding through Federal/State Historical Credits, making this a financially savvy opportunity. Check MLS attachment / ask listing agent for development plan and additional information. Town of webster shows lots of support to this project.
Location
State MA
County Worcester
Zoning IND
Direction Google Map
Interior
Fireplaces Number 99
Exterior
Garage Spaces 99.0
Waterfront Description Waterfront,River
Total Parking Spaces 99
Garage Yes
Building
Story 10
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Thread Real Estate, LLC