Active
2 Days on market
4-12 Parker St Gardner — Photo 1 of 22

4-12 Parker St Gardner — Photo 1 of 22

$1,400,000

4-12 Parker St, Gardner, MA 01440

Gardner, MA 01440

Beds

12

Baths

20

SqFt

15,716

Style

5+ Family - 5+ Units Side by Side

Built

1900

Rare opportunity to acquire and complete a significant mixed-use redevelopment project in the heart of Downtown Gardner. This prominent 13,000+ SF historic building has approved plans for 16 residential units and 4 street-level commercial units, offering an investor or developer the opportunity to step into an established redevelopment project with substantial pre-development and early construction work already completed.Residential redevelopment is by-right, with construction design and plans already in place. Considerable work has been completed or advanced, including a new roof, new windows, exterior siding work and significant residential framing. A new utility transformer has also been installed, with electrical supplies and equipment on site.Located within one of Gardner’s federally designated Opportunity Zone tracts and the Downtown Urban Renewal Plan Area, the property is positioned within an area benefiting from continued private reinvestment along with municipal and state-supported economic development initiatives and public improvements.An opportunity to take over a well-advanced redevelopment project and bring 16 new residential units and four commercial spaces to Downtown Gardner. Property and project information is preliminary and subject to buyer verification and due diligence.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$89/sqft
Local Avg (Gardner)$203/sqft
56% BelowMarket Average

* Analysis is based on 19 actively listed and recently sold comparable properties strictly within Gardner, MA.

Property Details

Financials

Original Price$1,400,000
Annual Taxes$11,745

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms8
FireplacesNone
Flooring--
BasementUnfinished

Climate & Utilities

HeatingOther
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofRubber
FoundationStone
ZoningC1

Property & Lot

Acres0.14
SqFt Lot6,104
Lot FeaturesCorner Lot, Level

Neighborhood

Sidewalks

Geography

Population

21,276

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$67K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

40.9%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Candor Investment Group

Listing Office: eXp Realty LLC

MLS® Number: 73575841

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