Development Opportunity- 22 Acres, 44 40B Housing Units

Vacant Land for Sale
Catylist Listing ID: 30217034
Property Subtypes: Residential (Single Family)
Gross Land Area: 21.26 Acres
Sale Price: $539,900
Unit Price: $25,395 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/19/2019

Overview / Comments

Permits in hand for 44 40B units in Amesbury. Wetland delineation, engineering and conceptual plans are in place. All plans are subject to Planning Board and Conservation Commission review. Conceptual plans are also in hand for 17+ single-family homes.

This is your opportunity to build in Amesbury, where pending commercial development may pave the way for even more housing demand.

This development lies equidistant from I-495 Exit 54 in Amesbury and Exit 53 in Merrimac. Buyer is responsible for all due diligence and final approvals.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Taxing Authority: City of Amesbury
Tax ID/APN: 83/24
Zoning: R40
Property Located Between: Amesbury and Merrimac
Property Visibility: Excellent
Largest Nearby Street: MA Route 110, Haverhill Road
Feet of Frontage: 75
Traffic/Vehicle Count: 6,800
Highway Access: This development lies equidistant from I-495 Exit 54 in Amesbury and Exit 53 in Merrimac. Just 2 miles to either.
Airports: Boston Logan Airport, Manchester Boston Regional Airport
Site Description: Permits in hand for this site, which sits on Haverhill Road, and has limited views of Lake Attitash.
Area Description: Both Amesbury and neighboring town Merrimac are seeing growth in commercial and residential development.
Lot Frontage: 75
Lot Depth: 2400
Zoning Description: R40 Zoning allows most forms of housing by right or exception.
Topography: Rolling
Soil Type: Mixed
Available Utilities: Electric, Gas, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,584 29,681 56,739
Median Age: 42.45 42.14 43.19
Households: 941 11,529 22,633
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