MA
Essex
Newbury
01951
5 Northern Blvd
5 Northern Blvd, Newbury, MA 01951
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Listing Type
Multi Family
Listing Status
Active
31
$990,000

Home Details for 5 Northern Blvd

Price
$990,000
Type
Residential Income
Bedrooms
6
Total Bathrooms
3
Full Bathrooms
3
Square feet
1810
Year built
1930
Lot size acres
0.15
County
Essex
Total rooms
9
Days on site
47
MLS Listing#
73535880
Property Description

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.

Property Features
  • Waterfront and Water Access
    • Ocean Front
    • Waterfront Access
  • Water Features
    • Public
  • Parking
    • Off Street
School Information
School Information for 5 Northern Blvd, Newbury, MA 01951
Elementary School
Newbury Element
Middle School
Triton
High School
Triton
Listing Courtesy: Compass - 978-248-8081
Presented by: The Bakhtiari Group
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Office
781 270 4770
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