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Multifamily · Newbury · ACT

5 Northern Blvd

Newbury, MA 01951

$990,000

6 bedrooms3 bathrooms1,810 square feet73535880 MLS number

The residence

Property overview

**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.

Taxes 2025
$6,261
Parking
6 spaces

Property details and availability are sourced from the local listing feed and may change. Contact Leverage for current details and availability.

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