MULTI-FAMILY RE-DEVELOPMENT OPPORTUNITY
55 High Street, Danvers MA
The Mega Group has available this nicely located classic 2-family in downtown Danvers featuring a 2-car garage, two-tier rear deck, and great back yard. The home itself is in fantastic condition where the roof and siding have been done (2017), as well as some interior work. This is ideally a contractors dream as the first floor unit may be in need of a 2BR floor plan adjustment, but the kitchen and bath are virtually ready-to-go. The second unit is townhouse style with 2BR on its main level and what ideally is one additional BR on the next level. The second unit is in need of full renovation where we think minor modifications to the second floor plan are necessary with converting the third floor into a master suite by adding a bathroom. Electricity is not yet separate but the way this property lays out, it is an easy conversion. This property has a myriad of potential uses from two existing apartments to converting to three separate units to converting the property as a whole into condominiums.
55 High Street is within in the newly zoned High Street Mixed-Use Corridor District (HSMUC).
The purpose of the HSMUC District is to retrofit and transform from an auto- oriented highway commercial corridor into an attractive, walkable, mixed use district that creates an attractive gateway to Downtown Danvers, provides incentive for property reinvestment, and is complimentary to adjacent neighborhoods, subject to all applicable provisions of Section 21 of the newly zoned district.
Zoning Bylaws Zoning BylawsSection 21 Section 18
MLS Listing Complete
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