The Offered Property is located along the rocky shore of Gloucesters historic Back Shore, just a mile from Eastern Point, home to some of the most prestigious estate properties on the entire North Shore. The parcel has unobstructed views of the Atlantic Ocean along 1,194+ feet of frontage and contains 8.784 acres of land. A former multi-unit Inn, Dining, Conference and Event facility, this parcel was once the summer home to the owners of the Campbell Soup Company. The property includes a total of six existing buildings including three large, estate style single family homes (converted for hospitality use), two single story rental units and one three story rental unit. The property has significant underlying development potential for single family homes and residential condominiums, and the Sellers have established several conceptual development plans that are available for review upon request.
Site was approved Chapter 40B project of 214 condo units comprising duplexes, triplexes and quads. Pristine mostly wooded site only five minute walk to center of town. One minute drive to Route I-495. Seller may consider partnership with qualified builder with seller providing land and builder providing streets and infrastructure. New 40B conceptual plan indicating number of single family homes that could be built is in progress.
Listed by Richard Waterhouse of Waterhouse Realty Assoc.
Development Opportunity -- A unique opportunity to own a premier waterfront property set on over an acre of land with unobstructed views of Gloucester's outer harbor and the Atlantic Ocean, The property was completely redeveloped in 1986 and currently operates as a combination of professional office suites (13 fully rented) and a restaurant / function facility with a full 7 day liquor license. Neighborhood Business Zoning allows for a mix of retail, office and residential uses (single family & multifamily + retail, asst. living, or ideal for corporate headquarters). The property has an iconic history as centerpiece parcel in the city of Gloucester. Downtown Gloucester sits one block away and the property holds title to the low water mark on Pavilion Beach. A new 101 room boutique hotel is currently under construction a few steps away. Lease opportunity for up to 10,000 sqft of restaurant / bar space also available. Broker related to Seller.
Rarely does a property of this size and significance come on the market. Located in the heart of horse country, this private 40 + acre parcel is comprised of five parcels of record and is wooded with mature evergreen and hardwood trees, and yet is located approximately 1/2 mile from downtown Hamilton and the commuter rail. The centerpiece of this estate property is a 5,500 +/- square-foot Colonial home that features 8 bedrooms, 5 full bathrooms plus 6 fireplaces and multiple staircases. The possibilities for development are many and varied. Call for a private showing today.
Listed by Alexandra Cutler of J. Barrett & Company
Bucolic setting with sweeping views of the gentile rolling hills and natural country setting, close to major highways and train station and close to town. This land has many possibilities and can be sub-divided. Land is zoned residential and commercial, possibly agricultural as well
Listed by Marilyn Berger of Keller Williams Realty
This is an incredible smart growth opportunity less than one mile from the Salem Commuter Rail and a short drive to Route 128/I-95. Harmony Grove, a 141-unit apartment development opportunity situated on 6.7 acres and located at 60-64 Grove Street in Salem, MA. Apartment fundamentals have never been stronger with the property's competitive set currently featuring an occupancy rate near 100%. The 6.7 acre site has been approved by the City of Salem for three multi-family residential buildings with a total of 141 apartment units. Offering Memorandum will be provided upon receipt of a signed NDA.
Ten thousand square foot footprint on 1.5 acres, can be used for assisted living, industrial condo garages, over 57 condos. For a complete list, click on document "Allowed Uses". Sellers will break ground in two months on a five story (seven stories allowed), fifty thousand square foot condo complex for 57 and over. If you have other ideas, act now and sellers can help you with your plans. They are builders and would prefer to sell the permitted package, but are prepared to develop this property, then sell individual condos.
Listed by Robert P. Gillette of Gillette Realty.com
"This is the second home that we have sold with Holly Cashman and Stone Ridge Properties. Both sales were quick and Smooth. Holly helped us establish a reasonable selling price and she was with us every step of the way! It was as easy as it gets when selling a house."