About 5 Northern Blvd
**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.
Features of 5 Northern Blvd
| MLS® # | 73535880 |
|---|---|
| Price | $990,000 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 1,810 |
| Acres | 0.15 |
| Year Built | 1930 |
| Type | Residential Income |
| Sub-Type | 3 Family - 3 Units Side by Side |
| Status | Active |
Community Information
| Address | 5 Northern Blvd |
|---|---|
| Area | Plum Island |
| City | Newbury |
| County | Essex |
| State | MA |
| Zip Code | 01951-1935 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Off Street |
| Is Waterfront | No |
| Waterfront | Ocean, Direct Access, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public) |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
| Stories | 3 |
Exterior
| Lot Description | Cleared, Level |
|---|---|
| Foundation | Concrete Perimeter, Slab |
School Information
| Elementary | Newbury Element |
|---|---|
| Middle | Triton |
| High | Triton |
Additional Information
| Zoning | AR4 |
|---|
Listing Details
| Agent | The Bakhtiari Group |
|---|---|
| Office | Compass |