5 Northern Blvd, Newbury, MA 01951
- $990,000
- 6
- BD
- 3
- BA
- 1,810
- SqFt
- List Price
- $990,000
- Status
- ACTIVE
- MLS#
- 73535880
- Bedrooms
- 6
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 1,810
- Lot Size (Acres)
- 0.15
- Year Built
- 1930
Property Description
**Seller open to "seller-financing" / partnership structures. One of the most compelling redevelopment opportunity available on Plum Island, with the the property offering ocean views just steps to the beach & 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. 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.
Additional Information
- Area
- Plum Island
- Taxes
- $6,261
- Parking Description
- Off Street
- Lot Description
- Cleared, Level
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Newbury Element
- Middle School
- Triton
- High School
- Triton
Mortgage Calculator
Listing courtesy of Listing Agent: The Bakhtiari Group from Listing Office: Compass.
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