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8 Penobscot Way

South Andover, Andover, MA 01810
1 of 5 Photos Map
$600,000
0.67 Acres
  • Property Description
    Outstanding opportunity for builders and developers to acquire a prime 29,055 sq ft lot in one of Andover’s most desirable neighborhoods. Located on a cul-de-sac with direct access to walking trails & views of Field Pond, this wooded site offers both privacy & marketable lifestyle appeal. Gently sloping terrain offers design flexibility & possible walkout. TITLE V APPROVED w/ a 4-bedroom septic system design on file. The existing 1-bedroom, 1.5-bath structure, built in 1970, is ready for teardown, clearing the way for a high-end new construction project. Conveniently located just minutes from I-93 via Route 125, this property is ideal for commuters & offers strong resale potential in a sought-after area. Town water & natural gas are onsite, reducing development costs & complexity. All permitting & approvals to be secured by the buyer. Rarely does a lot of this quality & location become available so bring your plans & capitalize on a high-demand neighborhood w/ strong upside potential.
  • Highlights
    • Area: South Andover
    • Property Class: Land
    • Status: Closed
    • Has View: Yes
    • Property Type: Residential
  • Additional Details
    • Lot Features: Easements, Gentle Sloping, Cul-De-Sac
    • View: Scenic View(s)
    • Road Frontage Type: Public
    • Zoning: Src
  • Amenities
    • Community Features: Walk/Jog Trails, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
    • Waterfront Features: Waterfront, Pond
    • Waerfront: Yes
  • Utilities
    • Electric: On-Site
    • Water Source: Public
    • Sewer: Private Sewer
  • Fees / Taxes
    • Assessed Value: $811,500
    • Taxes: $10,135
    • Tax Year: 2025

Location

8 Penobscot Way, Andover, MA 01810

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