**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.
1,810 Sq Ft
6,499 Sq Ft Lot Size
investment
$522 Monthly Tax
Built in 1930
MLS/Listing ID 73535880
3 Stories
3 Units
Community - Public School
Community - T-Station
Concrete Perimeter
Slab
Community - Public Transportation
Community - Shopping
Community - Tennis Courts
Community - Park
Community - Walk/Jog Trails
Lot - Cleared
Lot - Level
Parking - Off Street
Ocean
Direct Access
Walk to
0 to 1/10 Mile To Beach
Beach Ownership - Public
Public Sewer
Public Water
Community - Stable(s)
Community - Golf
Community - Medical Facility
Community - Laundromat
Community - Bike Path
Community - Conservation Area
Community - Highway Access
Community - House of Worship
Community - Marina
Community - Private School
TOTAL MONTHLY COST
$0
$0
$0