20 Acres Commercial Mixed Use Development Site at I-95 Exit

Vacant Land for Sale
Catylist Listing ID: 30757169
Property Subtypes: Multi-Family
Gross Land Area: 20.30 Acres
Sale Price: $1,800,000
Unit Price: $88,669 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2021

Overview / Comments

Faulkner Commercial Group is pleased to present for sale this development land assemblage of four separate parcels situated in the "Golden Triangle" Office Park, (OP), zone, with three separate overlay districts, including a recent 40R housing overlay. The City of Amesbury OP zone allows most commercial uses by right or special permit.

Total acreage is approximately 20.3 acres, with approximately 11.44 acres uplands, of which 5.56 acres upland with Elm Street access, and possibly another 4.9 acres in two separate upland parcels that would require wetlands crossing approvals.

This property is well situated near the exit from Interstate 95 near the intersection of I-95 and I-495 and benefitting from traffic on MA Route 110 (Macy St) and Elm Street, the primary route from I-95 into downtown Amesbury. Recent traffic count information indicates 22,248 AADT on Macy St, 11,108 AADT on Elm St, and 59,681 AADT on I-95. This has long been called the Golden Triangle, and previous administrations have sought to encourage commercial growth in this east end location. There was a survey and conceptual plan completed by Millennium Engineering for an 80 bed Assisted Living Facility, (ALF).

All information was obtained from historical and public records, prospective buyers are encouraged to conduct due diligence as to specific details and suitability for their use.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Tax ID/APN: 80/8,9,10, 69/1
Zoning: OP W 3 OVERLAYS
Property Visibility: Excellent
Traffic/Vehicle Count: 12,000
Highway Access: Elm St
Site Description: Approximately 11.5 acres of upland
Lot Frontage: 195
Lot Depth: 1100
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, 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: 4,411 36,915 61,416
Median Age: 41.71 42.84 44.48
Households: 1,830 15,102 25,797
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