Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

5 Northern Blvd

Plum Island - Newbury, MA ID #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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, Triplex
  • Area: Plum Island
  • Zip Code: 01951
  • Taxes: 6,261
  • Levels: 3
  • Acres: 0.15

Parking

  • Garage Capacity: 6
  • Parking: Off Street
  • Parking Spaces: 6

Rooms/Dimensions

  • Total Units: 3
  • Total Floors: 3
  • Total Rooms: 9

Location

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5 Northern Blvd, Newbury, MA

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of The Bakhtiari Group of Compass. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.