Please ensure Javascript is enabled for purposes of website accessibility

Walpole

MA 02032

Transformative mixed-use development opportunity superbly located in Walpole Center

Land

4.95 Acres / 215,472 SF

Zoning

60% GR/ 40% CBD

Buildings

Nine Commercial + Residential

THE WALPOLE BLOCK

The Walpole Block is an assemblage of nine residential and commercial properties located in the heart of dynamic Walpole Center. The total contiguous land mass is approximately 215,472 SF, or 4.95 acres and has frontage on and is bounded by Main Street (Rte. 1A), East Street (Rte. 27), School Street and Maple 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 five minute walk to the Franklin Commuter Rail Station offering convenient service to Boston’s South Station.

Roughly 40% of the Block’s land area is zoned CBD, the most permissive designation in Walpole. The remaining 60% is GR. Preliminary discussions with the Town indicate positive response to a mixed-use development plan envisioning either an overlay or rezoning of the GR land.

image-slider-with-thumbnail1.jpeg
image-slider-with-thumbnail1.jpeg
image-slider-with-thumbnail1.jpeg
image-slider-with-thumbnail1.jpeg
image-slider-with-thumbnail1.jpeg
image-slider-with-thumbnail1.jpeg
Exit full screenEnter Full screen
PlayPause
previous arrow
next arrow
image-slider-with-thumbnail1.jpeg
image-slider-with-thumbnail1.jpeg
image-slider-with-thumbnail1.jpeg
image-slider-with-thumbnail1.jpeg
image-slider-with-thumbnail1.jpeg
image-slider-with-thumbnail1.jpeg
previous arrow
next arrow

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. The Walpole Block itself is situated in Walpole Center, the heart of downtown Walpole and just a five 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.

Mixed Use Zoning

The site’s current zoning breaks down to roughly 40% CBD with the remaining GR. Preliminary discussions with the Town indicate a desire on their behalf to work with an applicant to create a mixed use envelope, similar to but not necessarily the same as the current CBD zoning, allowing a more dense mixed use development on this important site. The Sellers have a deep connection to the site, the Town, and the administration and are prepared to assist Buyer throughout this process.

Covered Land Play

There is significant current cash flow from the residential and commercial buildings existing on the site with no long or mid-term commitments to in-place tenants. Expected NOI for 2022 is approximately $200,000, enabling the purchaser to leverage the investment immediately.

Excellent Visibility

The 4.95 acre site occupies three of four corners on perhaps the most prominent block in Town. It offers frontage and existing curb cuts on East, Main, Maple and School 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 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: Walpole, MA
Zoning: 60% GR/ 40% CBD
Land: 4.95 Acres
Lot Area: 215,472 square feet
Current Use: 9 residential/mixed use
Address Sq Ft Land Zoning
101 School St 19,260 GR
99 School St 17,599 GR
915 East St 16,999 GR
919 East St 41,674 GR
931 East St 35,825 CBD
929 East St* 27,934 CBD
892 Main St 20,700 CBD
878 Main St 21,050 GR
30 Maple St 14,431 GR
TOTAL 215,472 60 GR/40 CBD
4.95 Acres

* includes “0” East

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.

Request Informational Materials

Please fill out the form to receive any other financial materials.






    Regional Information

    slide 1
    Image Slide 2
    Greater Boston Economic Overview
    Image Slide 1
    Walpole Lifestyle
    Image Slide 3
    MBTA
    Image Slide 3
    Regional Map
    PlayPause
    Exit full screenEnter Full screen
    previous arrow
    next arrow
    Image Slide 2
    Image Slide 1
    Image Slide 3
    Image Slide 3
    previous arrow
    next arrow