Route 3 land in Pembroke looking for developer

  • The approximate outline of developable land on Route 3 in Pembroke. Courtesy—Berkshire Hathaway Verani Realty

Monitor staff
Friday, February 09, 2018

With a $3.2 million town-sponsored extension of Cooperative Way now finished, the owners of 129 undeveloped acres off of Route 3 are hoping businesses will take notice. 

“We’ve had a lot of interest. None of it is finalized,” said Scott Reiff, a realtor with Berkshire Hathaway Verani Commercial.

Pembroke voters in 2015 approved a bond to extend Cooperative Way, then a dead-end road, into a loop that intersects with a widened intersection at Routes 3 and 106. The hope was to  improve accessibility to existing businesses in the area – and help encourage new commercial or industrial development.

It was in large part financed through tax revenue generated from businesses within a 243-acre area that benefited from the extension, including Associated Grocers of New England and Clean Energy.

Construction began in the fall of 2016. Work isn’t completely done, town administrator David Jodoin said, but the road is drive-able. The new road was named Kline Way, for Fred Kline, a longtime Pembroke selectman who spearheaded the project. He died in 2016, not long after construction started.

The undeveloped land, owned by PGP Development, is on the west side of Route 3, and extends from the intersection of Routes 106 and 3 north to where the Soucook intersects with Route 3.

It is being touted as ideal for retail, industrial, or office use, and includes access to town water, sewer, and gas, according to marketing brochures. Reiff said an assisted living or medical facility could also do well in the area.

“The ideal would be industrial,” he said.

The area is zoned flexibly. Reiff said he’d received some pushback initially from the town about the area being used for homes, but was now pursuing residential development possibilities. 

The parcel is right now listed at $2.95 million for the entire lot, but PGP is willing to sell off pieces as small as 3 acres for $115,000 an acre.

More information about the parcel is available at route3land.com.

(Lola Duffort can be reached at 369-3321 or lduffort@cmonitor.com.)