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15 King St
Peabody, MA 01960
133-unit permitted condominium development · Terrain À vendre
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3,12 AC
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Résumé de l'annonce
Faits sur la propriété
| Type de vente | Investissement | Sous-type de propriété | Résidentiel |
| Condition de vente | Projet de redéveloppement | Utilisation proposée | Multi-résidentiel |
| Nombre de lots | 1 | Taille totale du lot | 3,12 AC |
| Type de propriété | Terrain | ||
| Zonage | R-2 - Développement de logements collectifs approuvé. Projet 40B entièrement autorisé. 133 unités d'appartements résidentiels. | ||
| Type de vente | Investissement |
| Condition de vente | Projet de redéveloppement |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Résidentiel |
| Utilisation proposée | Multi-résidentiel |
| Taille totale du lot | 3,12 AC |
| Zonage | R-2 - Développement de logements collectifs approuvé. Projet 40B entièrement autorisé. 133 unités d'appartements résidentiels. |
1 Lot disponible
Lot
| Taille du lot | 3,12 AC |
| Taille du lot | 3,12 AC |
Former JB Thomas Hospital site. 3.2 +/- Acres
Description
The Mega Group is pleased to present this 133-unit development opportunity available for immediate acquisition in Peabody Massachusetts, a designated Gateway City. There is a 25% a?ordable component under Chapter 40(b) equal to 34 units. Plans approved by the City of Peabody include fourteen (14) 3- bedroom units, sixty (60) 2-bedroom units, and fifty-nine (59) 1-bedroom units along with 221 on-site parking spaces. The King’s Residences will be three buildings, creating the opportunity to complete the development project in phases. The buildings shall be five (5) total stories or about 49 feet in height overlooking the downtown and less than one mile from Route 128. On-site parking is 221 total spaces, 7 handicap accessible spaces, 72 standard spaces, and 142 compact spaces. Subject all criteria under Chapter 40(b) including but not limited to financing requirements and development subject to the approval of local building codes. 25% of the residential units, or thirty-four (34) units shall be a?ordable at 80% of the Area Median Income (AMI) as published by HUD. Buyer to perform all due diligence as to current HUD criteria. Chapter 40(v) Housing Development Incentive Program (HDIP) HDIP provides Gateway Cities with a tool to develop market rate housing while increasing residential growth, expanding diversity of housing stock, supporting economic development, and promoting neighborhood stabilization in designated areas. https://www.mass.gov/info-details/housing-development-incentive-program-hdip Call or email Broker for DropBox link and password to all due diligence materials.
