**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.
- Parking:
- Off Street
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Chicken coop included. Subject to seller finding suitable housing. Seller already has their next property under contract. Buyer and Buyer's Agent to verify all information and perform their own due diligence., Realtors must visit with clients first visit. photos are model home. This home is ready to move into!, Property will be rented unfurnished. Photos from previous rental when occupied. Third bedroom is used as a study and has no windows. Unit cannot be rented to more than two unrelated tenants.
- Garage Parking
- Lead Paint:
- Unknown
- Waterview Features:
- Ocean, Walk To, Public
- Road Type:
- Paved
- Area:
- Plum Island
- Grade School:
- Newbury Element
- High School:
- Triton
- Middle School:
- Triton
- Market Time:
- 35
- 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
- City:
- Newbury
- State:
- MA
- County:
- Essex
- Postal Code:
- 01951
- Longitude:
- W71° 11' 27.1''
- Latitude:
- N42° 47' 57.1''
Residential Income
5 Northern Blvd, Newbury, Massachusetts
- 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
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
