Sold!
$1,500,000
5.88
Acres
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Property Description
Investors, Developers, and Builders Take Note - Income-producing property with potential for residential home development!555 Whipple Road, Tewksbury, MA, is a 5.88-acre mixed-use property with frontage on both Whipple and Farwood Roads. The site includes a 3-bedroom, 2-bath vintage-style ranch home with a partially finished lower level, an inground pool, and an attached two-car garage. The residential structure is complemented by a two-story commercial-use office and training facility (approximately 1,160 sq. ft.).Approximately 2.9 acres are currently leased to a commercial transportation company. The lease includes the use of the office and training facility. The portion of the property with frontage on Farwood Road consists of undeveloped land and could be subdivided for residential homes (2 acres).The current residence is unoccupied and could be rented for additional income.Qualified buyers are encouraged to call for additional details.
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Highlights
- Acres: 5
- Property Class: Commercial Sale
- Status: Closed
- Parking Spots: 50
- Year Built: 1962
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Additional Details
- Zoning: Rg
- Zoning Description: Legal Conforming
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Fees / Taxes
- Tax Year: 2024
- Taxes: $11,488
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Listing information provided courtesy of J. Borstell Real Estate, Inc..
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