5 Northern Blvd, Newbury, MA 01951
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5 Northern Blvd, Newbury, MA 01951
5 Northern Blvd, Newbury, MA 01951
5 Northern Blvd, Newbury, MA 01951
5 Northern Blvd, Newbury, MA 01951
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Lisa Sevajian

Lisa Sevajian

+1(978) 457-3406
$ 990,000
Est. payment /mo
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Active

5 Northern Blvd Newbury, MA 01951

6 Beds

3 Baths

1,810 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 3 Family - 3 Units Side by Side

Listing Status Active

Purchase Type For Sale

Square Footage 1,810 sqft

Price per Sqft $546

MLS Listing ID 73535880

Bedrooms 6

Full Baths 3

Year Built 1930

Annual Tax Amount $6,261

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type 3 Family - 3 Units Side by Side

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.

Location

State MA

County Essex

Area Plum Island

Zoning AR4

Direction Plum Island Blvd, turn left on Northern Blvd, property will be the first dwelling on lefthand side.

Exterior

Community Features Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station

Waterfront Description Ocean,Direct Access,Walk to,0 to 1/10 Mile To Beach,Beach Ownership(Public)

Total Parking Spaces 6

Garage No

Building

Lot Description Cleared, Level

Story 3

Foundation Concrete Perimeter, Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Newbury Element

Middle Schools Triton

High Schools Triton

Others

Senior Community false

Listed by Compass

NEARBY SCHOOL & BUSINESS

Lisa Sevajian

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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