This unique multi-building parcel in the heart of Wareham offers a rare opportunity for flexible use and long-term value creation. Set on a level, well-positioned lot with access from both Elm Street and Cranberry Highway (Route 28), the property blends residential charm with commercial utility, ideal for a multi-use or redevelopment scenario.
This expansive multi-structure parcel offers a rare blend of residential, commercial, and historical utility on a single, versatile lot. The property spans multiple buildings and use types, with direct access from both Elm Street and high-visibility Cranberry Highway (Route 28). Its layout allows for distinct zones of use, from public-facing retail to quiet residential, making it ideal for investors, owner-occupants, or redevelopment opportunities.
The lot features a gently sloping grade that leads toward scenic pond frontage, creating peaceful water views from several vantage points. Mature trees and open green space provide natural buffers between the structures, while paved parking areas support residential and commercial access. With ample on-site parking, established driveways, and utilities in place (public water/sewer, electric, gas), the infrastructure is ready for current use or future transformation.
Currently improved with four structures, including a historic commercial warehouse (former Old Company Store), a high-visibility retail storefront, a two-family home, and a detached single-family residence, the lot is zoned for mixed use (buyer/agent to confirm zoning allowances and density).
The site features:
Paved parking areas
Open green space with mature landscaping and pond views
Public water & sewer connections in place
Walkability to Wareham Village, restaurants, shops, and town services
Proximity to Route 6, I-495, I-195, and Wareham Crossing
From a development standpoint, the parcel supports:
Condo conversion of existing buildings
Infill potential for additional residential or townhome units
Live/work spaces or boutique mixed-use redevelopment
Continued use as a rental-income portfolio with strong cash flow
The waterfront backdrop and central location enhance value for both end users and long-term investors. With existing structures providing flexibility and income during planning or permitting, this lot is well suited for phased development or legacy ownership.
Brad Thelin
RE/MAX Vantage