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42 photo(s)

Danvers, MA 01923-1925

New List Price $1,099,900 MLS # 73578426 - Land

Type	Residential	# Lots	0	Lot Size	28,662SF
Zoning	R1	Water Front	No

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.

Listing Office: RE/MAX 360, Listing Agent: Luciano Leone Team
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