$575,000
$549,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
9,583 Sqft Lot
SOLD DATE : 01/30/2019
Key Details
Sold Price $575,000
Property Type Vacant Land
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 72362467
Sold Date 01/30/19
Annual Tax Amount $3,729
Tax Year 2018
Lot Size 9,583 Sqft
Acres 0.22
Property Description
Calling all investors, builders or buyers who want to generate income… MIXED USE LAND FULLY APPROVED FOR 4 CONDOS, RESTAURANT AND OTHER RETAIL/ SPACE. Everything in place to pull permits & start excavation. Space to potentially add two more condos (without changing exterior footprint) on the ground floor (in proposed parking) but further approvals/processes and new septic likely needed to be considered. Building is adjacent to the beach and located in Magnolia Village. Opportunity to sell/rent condos (summer or year-round tenants) or to sell/lease retail space (shell or built out). Interested restaurant and retail tenants identified. Selling in “as is” condition and price reflects completed processes/approvals, reports, engineering/drainage, complete architectural designs/pricing sets, etc. Buyers/Agents: Further due diligence is buyer/agent responsibility. Building will have ocean views. ALL OFFERS RECEIVED WILL BE REVIEWED AND RESPONDED TO ON 7/25/18 BY 5:00 P.M.
Location
State MA
County Essex
Area Magnolia
Zoning NB
Direction USE WAZE OR MAPQUEST
Exterior
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
Waterfront Description Beach Front, Direct Access, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Building
Lot Description Corner Lot
Sewer Private Sewer
Water Public
Others
Senior Community false
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Bought with Frank T. Rossetti • Coldwell Banker Residential Brokerage - Lynnfield
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "