Sold!
$65,000
0.03
Acres
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Property Description
Residential Lot with former Take-Out Building – Redevelopment Opportunity. This 0.028-acre property was previously used as a take-out sub shop but has reverted to residential zoning (R1) due to the business being closed for over two years and it being located in a residential zone. Any buyer looking to operate a business at this location would need to apply for a variance from the zoning board. The existing structure is unsafe and no interior showings are allowed. This property presents a unique opportunity for buyers willing to go through the zoning process to redevelop and seek approval for commercial use. Important items of note: Currently Zoned Residential, Variance Required for Business Use, Structure Will Need to Be Replaced, Prime Location in Danvers. This is a great opportunity for investors or builders looking to explore potential redevelopment options.
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Highlights
- Area: Danvers Center
- Property Type: Parking
- Property Class: Land
- Status: Closed
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Additional Details
- Lot Features: Level, Sidewalks
- Zoning: R1
- Road Frontage Type: Public
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Amenities
- Community Features: Public Transportation, Shopping, Highway Access
- Waterfront Features: River, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
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Utilities
- Electric: On-Site
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $202,700
- Taxes: $3,809
- Tax Year: 2025
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Listing information provided courtesy of Keller Williams Realty Evolution.
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