5.8 acres redevelopment...Multifamily (5+), Row Houses & Townhouses, Hotel & Motel, Mixed-Use...

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AVAILABLE 5.8 ACRES REDEVELOPMENT 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 Centre Street 90 90 Watertown Square SITE www.cbre-ne.com 33 Arch Street, 28th Floor Boston, Massachusetts 02110 617.912.7000 Fax 617.912.7001 CB Richard Ellis – N.E. Partners, LP, a CBRE Joint Venture

Transcript of 5.8 acres redevelopment...Multifamily (5+), Row Houses & Townhouses, Hotel & Motel, Mixed-Use...

Page 1: 5.8 acres redevelopment...Multifamily (5+), Row Houses & Townhouses, Hotel & Motel, Mixed-Use Development, Non-profit Sports Club, Cemetery, Municipal Recreation Facility, Vehicles

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

Page 2: 5.8 acres redevelopment...Multifamily (5+), Row Houses & Townhouses, Hotel & Motel, Mixed-Use Development, Non-profit Sports Club, Cemetery, Municipal Recreation Facility, Vehicles

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

Page 3: 5.8 acres redevelopment...Multifamily (5+), Row Houses & Townhouses, Hotel & Motel, Mixed-Use Development, Non-profit Sports Club, Cemetery, Municipal Recreation Facility, Vehicles

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

Page 4: 5.8 acres redevelopment...Multifamily (5+), Row Houses & Townhouses, Hotel & Motel, Mixed-Use Development, Non-profit Sports Club, Cemetery, Municipal Recreation Facility, Vehicles

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

Charlestown

Brighton

Roslindale

Jamaica Plain

Roxbury

Dorchester

E. Boston

Mattapan

Hyde Park

West Roxbury

Allston

SalisburyAmesbury

W. Newbury

Newburyport

Newbury

Rowley

Ipswich

EssexHamilton

Manchester

Wenham

Danvers

PeabodyLynnfield

Wakefield

Saugus

Ston

eham

Melrose

MaldenRevere

Boston

Worcester

Manchester

Concord

Nashua

Providence

ChelseaEverett

Winthrop

Reading

N. Reading

Wilmington

BurlingtonBedford

Concord

Sudbury

Framingham

Natick

Ashland

Holliston

Sherborn

Medway

Franklin

Wrentham

Plainville

N. Attleboro

Attleboro

Mansfield

EastonW. Bridgewater

E. Bridgewater

Bridgewater

Raynham

Taunton

Berkeley Lakeville

FreetownRochester

Marion

Wareham

Bourne Sandwich

Mashpee

Falmouth

Barstable

Middleborough

DightonRehoboth

Swansea

Fall River

Westport Dartmouth

New Bedford

Acushnet

Fairhaven

Seekonk

Brockton

Norton

Foxborough

Sharon

Stoughton AvonNorfolk

Walpole

Millis

Wellesley

Needham

Westwood

Norwood

Dedham Quincy

Randolph

Holbrook

Abington

Whitman

Hanson

Halifax

Plympton

Kingston

PlymouthCarver

Rockland Hanover

Pembroke

Duxbury

Marshfield

BraintreeWeymouth

Hingham

Norwell

Hull

Cohasset

Scituate

Milton

Canton

Dover

Medfield

Wayland Weston

Lincoln

Acton

MaynardStow

Hudson

Marlborough

Southborough

Westborough

Grafton

Northbridge

UxbridgeDouglas

Sutton

Millbury

Auburn

Oxford

WebsterDudleySouthbridge

Charlton

Sturbridge

HollandWales

Monson

Brimfield

BrookfieldWarrenPalmer

Ware

Hardwick

New Braintree

Oakham

Rutland

Barre

PetershamNew Salem

Philipston

Athol

Orange

WarwickRoyalston

Winchendon

Templeton

Gardner

Spencer

N. BrookfieldW. Brookfield

Leicester

Holden

Sterling

Princeton

Leominster

Fitchburg

Ashby

Ashburnham

Westminster

Hubbardston

W. Boylston

Paxton

Millv

ille

Blackstone

Cumberland

Lincoln

Central Falls

PawtucketN. Providence

E. Providence

BarringtonWarren

Bristol

Portsmouth

Tiverton

Little Compton

N. Kingston

E. GreenwichW. Greenwich

Exeter

Richmond

Voluntown

SterlingPlainfieldCanterbury

Putnam

Thompson

Pomfret

BrooklynHamptonChaplin

ScotlandWindham

Lebanon

FranklinSprague

Griswold

Preston

NorwichBozrah

Colchester

Salem

Columbia

CoventryMansfield

AshfordWillingtonTolland

Stafford

Eastford

Woodstock

Union

Middletown

Jam

esto

wn

Cranston

Woonsocket

N. Smithfield

Smithfield

Burrillville

Gloucester

FosterScituate

CoventryW. Warwick

Warwick

Upton

Milford

Hopedale

Mendon

Bellin

gham

Hopkinton

Bolton

Boylston

Shrewsbury

Northborough

Berlin

Carlisle

Billerica

Lexington

Waltham

Woburn

Winchester

SomervilleCambridge

Arlington

Belmont

Watertown

Newton

Broo

kline

Medford

Salem

Swampscott

Nahant

Lynn

Marblehead

Beverly

Rockport

Gloucester

Merrimac

Haverhill

Groveland

N. Andover

Tewksbury

Lawrence

Methuen

Dracut

Lowell

Chelmsford

Tyngsborough

HudsonHollisBrookline

RindgeNew Iswich Mason

WiltonTempleSharon

Greenville

Hancock

Greenville

Francestown

Barrington

Antrim

Nelson

Stoddard

Sullivan

Gilsurn

Surrey

Alstead

AeworthLempster

GoshenUnity

Newport

Newbury

Bradford

Sutton

Warner

Webster

ChichesterEpsom

Pittsfield

Barnstead

Strafford

Farmington

Deerfield

Northwood

Allenstown

Barrington

RochesterBerwick

Wells

Kennebunk

York

Newington

S. Berwick

N. Berwick

Pembroke

Boscawen

Canterbury

Loudon

Marlow

Washington

Windsor

Hillsboro

Henniker

Deering

Peterborough

Jaffrey

FitzwilliamRichmond

Swanzey

Troy

Marlborough

Keene RoxburyHarrisville

Dublin Lyndeborough

New Boston

WeareDunbarton

Bow

Goffstown

Hooksett

Mount Vernon

Milford

Amherst

Bedford

Pelham

WindhamSalem

Atkinson

Exeter

Epping

Fremont Brentwood

Raymond

Candia

NottinghamLee Durham

Stratham

Greenland

Newmarket

Newfields

Madbury

Dover

Elliot

Kittery

Portsmouth

Rye

N. Hampton

HamptonHampton Falls

SeabrookHampstead

Derry

Auburn

Chester

Sandown DanvilleKingston Kensington

E. Kingston

Plaistow

Londonderry

LitchfieldMerrimack

Westford

Littleton

Boxborough

Harvard

Lancaster

DunstablePepperell

LunenburgShirley

Groton

Ayer

Townsend

Andover

Boxford

Topsfield

Middleton

Georgetown

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]