Marketing description:

Incredible redevelopment opportunity available in Worcester County. The Wrights Mill Complex comprises 15 building sections across 6 separate parcels, totaling approximately 592,000 gross square feet and 99 acres. Condominium conversion plans have been created. Feasibility study for hydroelectric refurbishment available. Situated in the West Warren village on the Quaboag River, surrounded by scenic views of the 15-town Quaboag Valley region. Conveniently located directly off of MA Rt. 67, approximately 12 minutes from the Palmer MA Turnpike interchange, in a centralized location between the cities of Springfield and Worcester. Adjacent to the Boston Subdivision railroad line. Ample parking on site. Many buildings are in good overall condition, with a mix of multi-story structures and more modern single-story industrial outbuildings, as well as a detached residential dwelling. Zoned in a Mill Conversion Overlay District (MCOD). Numerous usage possibilities including residential, multi-tenant commercial, industrial, institutional, or a mixed-use campus. Historic tax credits, grants, and other redevelopment incentives are potentially available via state and local agencies. A third-party master recovery/reuse plan has been initiated by the town, and the current findings (including Phase 1 environmental report) are available here: https://www.wrightsmillmasterplan.com/

Investment highlights:

- 15 buildings and 6 parcels included

- Buildings in overall good condition

- In a Mill Conversion Overlay District

- Centralized location between cities of Springfield and Worcester

- Condo conversion plans

- Feasibility study for hydroelectric refurbishment available

- Approximately 12 minutes from MA Pike

- Adjacent to Boston Subdivision rail line

- Many adaptive reuse possibilities