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Listed by John Skinner III of Associated Attorneys of New England

ZONING just CHANGED to R-SM [Residential Suburban Multifamily]. Tremendous development potential as the Parcel is surrounded by other similarly sized parcels with nice Condos and apartments. Awesome commuter location just off of 93 in Manchester and close to Derryfield Park. Live in the house, rent the In-Law, and Subdivide/Sell off 1-2 additional lots! OR Demolished the 2800 sq. ft. house, 20x40 in ground pool, & 3 Car Garage w/studio apt. and put up 20 Condos. Frontage, neighborhood, & land area mean that you may likely be approved for 20 or more units. Use the GIS map and/or drive by as part of your due diligence but this is a great opportunity. No other R-SM parcel has appeared to come on the MLS in the City in years. Permitted Uses: Single Family detached or attached, Duplex, Apartments, Multifamily, elderly housing and assisted living or the most likely- Townhouses or condos. Parcel next door and across the street each have 24 units. Bring your engineer and imagination and make an offer. Parcel slopes down from Karatzas down to Eastern as you can tell driving around it. Discount to total value on a per unit basis applied to listing price to reflect an allowance for demo/site work. Somewhat motivated seller. Listing Broker is Owner.

Property Details of 605 Old Wellington Road

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Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated June 27, 2019.

 

 

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