On behalf of Providence and Worcester Railroad Company (“Seller”), Kelleher & Sadowsky Associates, Inc. (“Broker”) would like to introduce an exceptional rehabilitation/development opportunity located at 75 Hammond Street in Worcester, MA. The 2.14+/- acre property is improved by a 3 Story Brick mill building built in 1915. The property was originally built as production facility for Wright Wire company which was owned and operated by George Wright. Mr. Wright ran the business with his sons and served as the Mayor of Worcester in early 1900’s. The Property has housed a variety of tenants over the years including the former Hammond Hill Furniture business. It was sold to Providence and Worcester Railroad Company in 1989 and has served as its regional headquarters since. The railroad is selling the asset under the direction of new ownership, Genesee & Wyoming, Inc. which owns 120 freight railroads worldwide and is consolidating operations. An easement for property access will need to be granted with the sale. Currently, there is fifty surface parking spaces. Situated in close proximity to the Worcester CBD and within walking distance of the Canal district amenities and future Polar Park, home of the Worcester Red Sox beginning in April of 2021, the property is a prime location for a residential development although such development is not currently permitted under the zoning by-laws. While not listed on the National Register of Historic Places, the age of the property does qualify for historic designation whereby, historic tax credits may be available. In addition, the property is New Market Tax Credit eligible.
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