144-Unit Multifamily Development

1015 Plymouth Street Abington, MA 02351

1015 Plymouth Street, Abington, MA, 02351
1015 Plymouth Street, Abington, MA, 02351 1015 Plymouth Street, Abington, MA, 02351 1015 Plymouth Street, Abington, MA, 02351 1015 Plymouth Street, Abington, MA, 02351 1015 Plymouth Street, Abington, MA, 02351 1015 Plymouth Street, Abington, MA, 02351 1015 Plymouth Street, Abington, MA, 02351 1015 Plymouth Street, Abington, MA, 02351
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
Please Call Broker for Price

Last Verified:
Apr 05, 2024

Highlights

  • Fully Approved for 144 Units
  • 72 1-BR and 72 2-BR Units
  • Town Water and Sewer Available
  • Close Proximity to Commuter Rail
  • 17.4 Acre Site

Description

Fully approved site for 144 multifamily units, consisting of 72 one beds and 72 two beds with age restrictions. Site is well located in downtown Abington on 17.4 acres. As an approved 40B project, 25% of the units must remain affordable at 80% AMI. Commuter rail into Boston is less than 1 mile from this site. Convenient to regional highways Route 3 and Route 24 and close to a variety of shopping, dining, local hospitals, and retail amenities. Site has town water and town sewer and is adjacent to Abington Senior Center, Pickleball Association and Dog park.

Located in the Abington MA less than a mile from the Abington Train Station and adjacent to Abington Senior Center, Dog Park and Pickleball Association.

Building Size: 149045sq ft
Lot Size: 17.4 acres


Documents

Offering Memorandum

Map of 1015 Plymouth Street, Abington, MA, 02351

Presented by:
Ellis Realty Advisors

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David Ellis


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.