5.8 acres redevelopment...Multifamily (5+), Row Houses & Townhouses, Hotel & Motel, Mixed-Use...
Transcript of 5.8 acres redevelopment...Multifamily (5+), Row Houses & Townhouses, Hotel & Motel, Mixed-Use...
availaBlE
5.8 acresredevelopment site aRsEnal stREEt at signalED iRving stREEt intERsEction :: WatERtoWn, Ma
WatERtoWn Mall
aRsEnal Mall
aRsEnal cEntER FoR
thE aRts
lExus oF WatERtoWn
PERkins school FoR thE BlinD
aRsEnal on thE chaRlEs
arsenal street
charles River
cen
tre street90 90
Watertown square
sitE
www.cbre-ne.com
33 arch street, 28th Floor • Boston, Massachusetts 02110617.912.7000 • Fax 617.912.7001
CB Richard Ellis – N.E. Partners, LP, a CBRE Joint Venture
ARSENAL STREET
160 and 162 Arsenal Street150 Arsenal Street
122 Arsenal Street
57 Irving Street
56 to 60 Irving Street
Parking
Building Material Storage
North
5.8 acres redevelopment site
aBout thE PRoPERt y
As exclusive agent, CBRE/New England is pleased to present the opportunity to acquire a 5.8 acre site located on Arsenal Street in Watertown at the signaled intersection with Irving Street. There are 0.3 miles of direct Arsenal Street frontage. The parcel is equidistant between Watertown Square and the Arsenal Mall and it has convenient access to local amenities, major highways, Cambridge and downtown Boston. This opportunity offers redevelopment potential for multifamily, retail or office development.
sitE inFoRMation
Parcel a land area 231,173 SF (5.307 acres)
Parcel B land area 21,400 SF (.49 acres)
PaRcEl aPaRcEl
B
ARSENAL STREET
160 and 162 Arsenal Street150 Arsenal Street
122 Arsenal Street
57 Irving Street
56 to 60 Irving Street
Parking
Building Material Storage
North
aRsEnal stREEt at signalED iRving stREEt intERsEction :: WatERtoWn, Ma
iRving stREEt & aRsEnal stREEt
signalED intERsEction
DEMogR aPhic inFoRMation
Zoning i -3
total Population 32,767
Population 18 years & over 27,919 (85.2%)
Population 25 years & over 24,345 (92.6%)
Population 65 years & over 4,846 (14.8%)
Median household income $71,377.00
Per capita income $39,165.00
total housing units 14,978
Within seven-Mile Radius
1,092,054
909,228 (83.3%)
774,108 (70.9%)
135,940 (12.4%)
$63,580
$38,359
470,079
Principal uses Permitted by Right
Religious & Educational, Commercial Agriculture, Office, Bank, Medical, For-Profit Recreation (bowling, skating), Commercial Parking, Printer Publisher, Retail, (including liquor), Personal Services, Clothing or Furniture Repair, Restaurant (with or without liquor), Drive-In bank, Light Industrial, Non-nuisance Manufacturing, Offices, R&D lab
Principal uses Permitted with special Permit
Multifamily (5+), Row Houses & Townhouses, Hotel & Motel, Mixed-Use Development, Non-profit Sports Club, Cemetery, Municipal Recreation Facility, Vehicles (for sale or lease), Bar, Laundry & Cleaning, Undertaker/Funeral Parlor, Fast Food, Motor Vehicle Repair, Wholesale, Warehouse
traffic count 31,400 cars per day (Arsenal Street)
Watertown, Ma
SUBJECT PROPERTY
495
495
95
95
95
95
95
95
90
90
90
9090
95
95
95
95
93
93
93
93
93
293
93
93
495
190
190
495
495
495
495
290
290
395
395
395
395
2
128
128
128
128
128
24
3
3
3
3
24
24
9
99
9
2
22
2
3
3
1
1
1
1
1
1
1
146
146295
295
195
195
195
140
140
1
84
84
2
101
101
16
16
293
89
89
6
6
125
3
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location highlights
accessibility
Mass Pike (i-90) Exit 16 2.5 miles
i-95/ Route 128 5 miles
the arsenal on the charles Less than 1 mile (Bright Horizons Day Care, Panera Bread, Boston Sports Club)
arsenal Mall Less than 1 mile
Watertown Mall & shopping center 1 mile
harvard square, cambridge 3.5 miles
Financial District, Boston 8 miles
Back Bay, Boston 7 miles
CB Richard Ellis – N.E. Partners, LP, a CBRE Joint Venture
www.cbre-ne.com 33 arch street, 28th Floor • Boston, Massachusetts 02110617.912.7000 • Fax 617.912.7001
© 2012 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
FoR MoRE inFoRMation
chris tostiExecutive Vice President/Partner 617.912.7006 [email protected]
Bob McguireSenior Vice President/Partner 617.912.7065 [email protected]
Rob Walles Senior Vice President/Partner 617.912.7016 [email protected]
alison PowersAssociate 617.912.7040 [email protected]