Listing Number X92480186
- Exclusive Commercial Land
BIDDING EXTENDED TO NOVEMBER 20, 2024: This CH 7 Sale includes the sale of properties located at 190R, and 225 Discovery Hill Road, and 116A Kiah's Way, Sandwich, Cape Cod, Barnstable County, MA, USA. The properties are 38.76 - acres, 47.54-acres and 2.19-acres of land respectively that are currently raw and undeveloped. The properties are located at 190-R , 225 Discovery Hill Road and 116A Kiah's Way Sandwich, Massachusetts are identified as assessor parcels 28-060-0 and 28-37-0 and 28-246. At the 225 Discovery property, situated in the northern portion of the subject parcel is a Cape & Vineyard Electric Company right of way utility easement that runs east to west and measures approximately 6.90-acres. The properties have overall generally level topography.
Premier has been retained by the Property Trustee and approved by the US Bankruptcy Court. The sale of of the Property by the Trustee is expressly subject to the provisions of the Bankruptcy Code including, but not limited to, notice to parties in interest and opportunity for higher and better counteroffers. Buyers are strongly encouraged to seek legal counsel opinion regarding the sale process.
The property enjoys its location close to all things "Cape Cod" including beaches, shopping, golf courses, public transportation, USPO, and much more. Its unique location is ideal to create a Cape Cod housing community that is also close to the Cape Cod Bridges for residents that commute to the Boston or Providence markets for work.
Housing Development Potential: Previous contemplated developments include a mixed use residential development of 272 units. The allocation of same was 176 single family, 96 multifamily housing units and accessory uses with twenty-five percent (25%) or 68 of the 272 total housing units designated as affordable. Solar Development Site Potential: Previous contemplated developments also include a Solar development on approximately 12 plus acres of the land, leaving 34 acres available for residential development. Interconnection Service Agreements have been obtained for the site and are available to review upon access to the electronic deal room, that will provide due diligence for the sale process.
The properties are located within The Town of Sandwich on Cape Cod which is a diversified economic region that historically has relied on fishing, agriculture, and tourism, but now also includes significant employment in healthcare related industries. The region is well positioned to maintain an economic stability, with its well-diversified employment base and tourism appeal. It is anticipated that the area will continue to be a part of a growing regional economy, thus resulting in stable to moderately increasing property values and rental rates.
Housing Crisis on Cape Cod: There has never been a better time to invest in residential housing including affordable, workforce housing and market rate. The demand is strong and supply is weak. The matter is pending in the US Bankruptcy Court. Please consult a attorney during your evaluation of the sales process. Premier Commercial is running a Sales Process for the sale of this property. This is an active sales process and solicitation for offers. The Seller reserves the right to withdraw from negotiations or market at any time. The Seller can also accept or reject any offer at any time during the Sales Process. Time is of the essence. Buyers to verify all information and should seek legal guidance for this sale.
John E. Ciluzzi, President, Premier Commercial, Post Office Box 731, Centerville, MA 02632. Email: jciluzzi@premiercommercial.biz Office: 508-815-5701. All discussions and appointments are to be arranged through Mr. Ciluzzi’s office.
Listed by John E. Ciluzzi of Premier Commercial - Centerville
The data relating to real estate for sale on this site comes from the Broker Reciprocity (BR) of the Cape Cod & Islands Multiple Listing Service, Inc. Summary or thumbnail real estate listings held by brokerage firms other than Premier Commercial are marked with the BR Logo and detailed information about them includes the name of the listing broker. Neither the listing broker nor Premier Commercial shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless.