Your next project awaits with this amazing redevelopment opportunity! This unique property carries two buildable lots with proper frontage - Lot A: 34 Pine St, which is 16,321 sq ft and Lot B:41 Otis St, which is 12,343 sq ft - on the same deed. A plot plan is attached in the listing photos. With proper town review and approvals, along with a proposed dimensional variance there are many potential redevelopment options (up to 3-4 units) for the savvy investor. By right for development purposes, re-deeding the lots into 2 separate deeds will allow the front lot (41 Otis) a single family and ADU, and the rear lot (34 Pine a SF/duplex and ADU. A shared driveway from Otis St (by variance) is likely the best option for access to both future developments. The current owner has also reached out to the town planning director about removing part of the barrier on Pine St, if there's to be a curb cut on 34 Pine (rear lot). Whether lots are re-deeded into separate lot or left as one large lot, there are endless possibilities for this corner lot. Potential buyers may even want to live in the front home while creating their dream home on the rear lot! The home on the front lot is an airy 2BR/2BA Ranch, located in the heart of a well-established neighborhood, with proximity to all Danvers has to offer! A multitude of shops & restaurants are easily accessible, along with highways, North Shore Mall, and several schools right there. After admiring the expansive outdoor space - step inside and feel solid hardwood on your feet. Enormous living room leads to dining room and kitchen. Down the hall is a full bathroom and the primary bedroom. Head downstairs for another bedrooms, a second kitchen, full bathroom, family room and an office. Laundry room walks out to yard. Detached 1 car garage with storage. Great redevelopment and ADU potential, with proper town approvals! Buyers and agents should conduct proper due diligence to verify all info herein.
249 Andover Street is 3.5 acres of developable land with 300 feet of frontage on Route 114, existing improvement is a 1,734 +/- footprint with a detached 2-car garage, two (2) curb cuts and zoned R3 (Residential). It is believed there is a jurisdictional wetland and watercourse present on the property, Brian has the survey. Likely re-development uses would be a single-family by right, or two single-family homes with a shared drive through local permitting. The additional value-add with this unique property is for the developer to consider filing a sub-division plan with the town extending the abutting Commercial zoning as 1-acre in the front as Lot 1 and keeping the rear Residential as 2.5 acres as Lot 2, providing the abutting homes on LeBlanc Drive with the natural buffer zone and building the shared drive where the existing culvert is. Buyer to perform all due diligence.
Historic Proctor Farm: The Ultimate Adaptive Reuse Opportunity Rarely available and brimming with potential, this 2-acre+ tranquil setting offers a "Vermont feel" just 20 minutes from Boston. Featuring a magnificent historic restored barn, the property is a prime candidate for the town’s adaptive reuse zoning. With no direct abutters and a peaceful, private atmosphere, the site is perfectly positioned for transformation into a high-end restaurant, a boutique wellness retreat, educational or religious center, or a signature event space. From historic charm to modern utility, the opportunities here are truly unlimited. FOR ADDITIONAL INFORMATION 941-545-4360
Danvers is located in Massachusetts. Danvers, Massachusetts has a population of 27,966. Danvers is more family-centric than the surrounding county with 31.22% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Danvers, Massachusetts is $105,654. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Danvers is 44.4 years.
The average high temperature in July is 81 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 47.2 inches per year, with 41.9 inches of snow per year.
