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.

Features

Parking:: Off Street
Sewer:: Public Sewer
Water:: Public
Disclosure
Garage Parking
Lead Paint:: Unknown
Waterview Features:: Ocean, Walk To, Public
Road Type:: Paved

Additional Information

Area:: Plum Island
Grade School:: Newbury Element
High School:: Triton
Middle School:: Triton
Market Time:: 4
Parking Spaces:: 6
Tax Year:: 2025
Status:: Active
Price Per Sqft:: $547
Zoning:: AR4
No Units:: 3
Orig Price:: $990,000
LEASE:: No
Waterfront:: No
MlsStatus:: Active

Address Map

City:: Newbury
State:: MA
County:: Essex
Postal Code:: 01951
Longitude:: W71° 11' 27.1''
Latitude:: N42° 47' 57.1''

Google Map

Residential Income

5 Northern Blvd, Newbury, Massachusetts

6 Bedrooms

3 Total Bathrooms

1,810 Sqft

$990,000

Listing ID #73535880

Basic Details

Property Type :: Residential Income
Listing Type :: For Sale
Price :: $990,000
Bedrooms :: 6
Rooms :: 9
Total Bathrooms :: 3
Full Bathrooms :: 3
Square Footage :: 1,810 Sqft
Year Built :: 1930
Lot Area :: 0.15 Acre
Listing ID :: 73535880

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Agent info

Robb Enterprises

Stephen E. Robb
View website
617-212-0251
srobb@robbenterprises.com

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.