$990,000 ($546.96 per sqft)

Est. Mortgage $4,748/mo *

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5 Northern Blvd, Newbury, (Plum Island), MA, 01951

5 Northern Blvd, Newbury, (Plum Island), MA, 01951
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9 rooms

6 beds

3 Full baths

1930

1,810 sqft

One of the most compelling redevelopment opportunities available on Plum Island, offering ocean views & a prime location just steps to the beach, restaurants & attractions. Situated on a 6,499sqft lot with 6 off-street parking spaces, the property is a grandfathered legal 3-family structure containing ~1,810sqft of living area. 2 potential development concepts may include: (1) three luxury 2-bedroom, 1-bath condos with parking & outdoor deck space; or (2) two larger 3-bedroom luxury condos with parking & outdoor deck space. Conceptual plans are available to qualified buyers. Additional development potential and/or expanded FAR (Floor Area Ratio) may be possible through future town permitting/approvals. Buyer to perform all due diligence re zoning, permitting, development potential & future use. Seller/Seller's agent make no representations or warranties regarding the condition of the existing structure & do not represent the building as salvageable for renovation. Property sold as-is.

Status:

Active

Town:

Newbury

Type:

Multi-family

Units:

3

Zoning:

AR4

Levels:

3

Parking:

6-car, Off Street

Acreage:

0.15

Est. Taxes:

$6,261

Assessment

$840,400

Lot Description:

Cleared, Level

Amenities:

Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station

Elementary School:

Newbury Element

Middle School:

Triton

High School:

Triton

MLS #:

73535880

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of The Bakhtiari Group, Compass 978-248-8081