40 Front Street Portfolio
Walpole, MA 02032
Transformative mixed-use development opportunity superbly located in Walpole Center
Land
2.46 Acres / 107,158 SF
Zoning
GR
Buildings
Two Residential Buildings
plus one vacant parcel
THE WALPOLE BLOCK
The Walpole Block is an assemblage of three residential properties located in the heart of the dynamic Walpole Center. The total contiguous land mass is approximately 107,158 SF, or 2.46 acres, and has frontage on and is bounded by Main Street (Rte. 1A) and Front Street.
The Walpole Block offers the opportunity to create scale in a beautiful, long established Town Center with outstanding demographics. Surrounded by existing upper end retail amenities and Walpole’s Town Hall, new Library, and Fire Department HQ, it is at the heart of the Town while also just a three minutes walk to the Franklin Commuter Rail Station offering convenient service to Boston’s South Station.
The parcel is zoned GR. Preliminary discussions with the Town indicate positive response to a mixed-use development plan envisioning either an overlay or rezoning of the land. Continued use or redevelopment as residential is of course allowable.
Investment Highlights
Investment Highlights
True Core Location
Walpole is situated in the southwest quadrant of Boston’s suburbs, approximately 28 miles south of downtown and 8 miles south of the former Route 128 ring round. 40 Front St itself is situated in Walpole Center, the heart of downtown Walpole and just a three minute walk to the Walpole Station Commuter rail connecting to South Station and Forge Park in Franklin. It is surrounded by vibrant restaurants and shops as well as essential services such as Walpole’s Town Hall, its new library and Fire Department Headquarters.
Covered Land Play
There is some current cash flow from the residential building existing on the site with no long or mid-term commitments to in-place tenants.
Excellent Visibility
The 2.46 acre site occupies two corners on one of the most prominent blocks in Town. It offers frontage and existing curb cuts on Main and Front Streets, with average daily traffic of over 30,000 cars (per Tracer Al), providing an outstanding locus for a mixed use development perhaps including multi-family or assisted living units over ground floor or stand alone retail uses.
Walpole’s Upscale Demographics
Its population of 26,383 boasts a workforce that is 88.5% white collar and has an average per capita income of $52,718, with 55% of residents having obtained at least a four year college degree. The average home value in Walpole is $685,100, well above the Massachusetts suburban average.
Walpole’s Resiliency
Walpole, equidistant between Providence and Boston and connected via the MBTA Line and Route 95 through to Route 93 to Boston, is attracting new residents and capital due to its powerful and diverse economic underpinnings.
Property Details
| Address | Sq Ft Land | Zoning | Parcel Id | Book & Page |
|---|---|---|---|---|
| 40 Front St. | 58,806 | GR | 11007 / 0095 | 33 / 244 |
| 30 Front St. | 28,750 | GR | 06894 / 0720 | 33 / 243 |
| Main St parcel | Vacant | GR | 23855 / 0343 | 33 / 245 |
| TOTAL | 107,158 | GR | ||
| 2.46 Acres |
Stable Upscale Suburban Lifestyle
Walpole is a classic New England town with a quaint and vibrant Town Center.
It has immediate access to Route 95 North and South, less than ½ hour drive to Providence, RI.
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Regional Information
