Bids Open for Promising Waterfront Development Opportunity
Exciting Waterfront Development Opportunity on Buzzards Bay
Hilco Real Estate Sales has announced an open bidding process for an eight-acre waterfront development site situated at 36-48 Robinwood Road. This prime location boasts stunning access to Buzzards Bay and is recognized for its potential for multi-generational housing. The bid deadline is set for September 17, and the site is fully entitled, making it a rare find in today's real estate market.
Advantages of a Fully Entitled Site
This property offers exclusive shoreline stretching 400 feet along Buzzards Bay, providing direct access to the Cape Cod Canal. Investors can take advantage of already approved plans for seven luxury homes, as well as designs for a deep-water dock, enhancing boating and recreational activities. It's shovel-ready with utilities set up, meaning buyers can bypass the typical complexities of real estate development and start construction swiftly.
The Appeal of Wareham
Wareham is a town embraced for its coastal charm, steadily growing in popularity among investors seeking attractive real estate. Residents enjoy the perks of waterfront living without the hassles of severe traffic and high prices prevalent in nearby areas. The convenience of being just one hour away from major cities adds to its appeal.
Demographics and Buyer Trends
Over the last decade, the population of Wareham has seen a consistent increase, featuring a median age reflecting a balanced demographic appeal, attractive to both retirees and families. The local housing market has strong fundamentals, with over 80% of households being owner-occupied. This trend signals a community that values stable living conditions, drawing interest from those looking for second homes or year-round residences.
Developer Insights on the Opportunity
The Hilco team states, "This development site is exceptional due to its ready-to-build condition and prime waterfront position. It's uncommon to find a place with such extensive approvals and prepared utilities, allowing developers to move forward without facing the usual delays in construction processes.”
Market Demand for Waterfront Homes
There’s a notable uptick in demand for waterfront homes across many markets, and this location stands ready to leverage that interest. As consumers show enthusiasm for unique properties that can support multiple generations, this site positions itself optimally for developers ready to meet that need.
How to Bid on This Unique Development
Bidders interested in this valuable opportunity can find the Asset Purchase Agreement on Hilco Real Estate Sales’ website. The deadline for submitting bids is September 17 at 5:00 p.m. (ET). For further inquiries or to obtain due diligence documents, potential investors are encouraged to reach out directly to company representatives.
Contact Information
For more details about this property or to get guidance through the bidding process, interested parties can contact Christian Koulichkov at (617) 335-3940 or via email, or reach out to Jonathan Cuticelli at (203) 561-8737. Their expertise can help smooth the transaction process greatly.
Frequently Asked Questions
What type of development is being proposed for the Buzzards Bay site?
The site is entitled for seven luxury homes with plans for a deep-water dock.
Why is this location considered prime for development?
It offers exclusive shoreline access, is shovel-ready, and is strategically located close to major cities.
How do I submit a bid for the property?
Bidders can submit their bids until September 17 at 5:00 p.m. (ET), utilizing the Asset Purchase Agreement available through Hilco's website.
Who can I contact for more information regarding the bidding process?
Christian Koulichkov and Jonathan Cuticelli are the contacts for inquiries related to the property and submission processes.
What is the expected timeline for development after the sale?
Given that the site is shovel-ready, development could commence immediately following the sale, pending necessary approvals.
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