The following factors shall inform the Secretary's determination as to whether a proposed area is consistent with the purposes of St3 1996, c. 258 and qualifies for designation as a densely developed area:
A municipality may propose an area of less than ten contiguous acres in size within its boundaries for designation provided that:
Industrial and Commercial - manufacturing, fabricating, wholesaling, warehousing, other commercial or industrial activities, or retail trade and service activities;
Institutional - medical and educational institutions;
Residential - residential dwelling structures at a density of three or more per two acres, or one or more 20 unit capacity or greater multi-family residential structure per acre;
Vacant - lots or structures that were vacant as of January 1,1997 but which were formerly used for a commercial, industrial, institutional or residential activity as defined in 301 CMR 10.05(3) after January 1, 1944.
301 CMR, § 10.04