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28046402
28046406

29 Gorham St, Chelmsford, MA 01824

CS
9532436
Prestige Property Solutions
Listed by Prestige Property Solutions
$699,900
209 days on market
Updated 38 days ago

29 Gorham St

Details
APN 11255, 11256, 11257, 11258, M:0055 B:0198 L:9
Property Type Land, Multifamily
Sub Type Commercial, Single Family Rental Portfolio
Square Footage 33,541
Year Built 1900
Acreage 0.03 - 0.27
Zoning RB
Parking Spaces 3 spaces
Parking Per SqFt 0.09
Investment Type Redevelopment
Sale Condition For sale by owner

Land

Marketing description

Investors, Developers, and Homeowners, bring your contractors to check out an incredible opportunity at 29 Gorham St in Chelmsford along with 3 separate parcels / lots included.

“Lot 1” or Parcel 55.198.9 contains the existing property at 29 Gorham (2,600+ SF of livable space which does not include the basement, where, given the high ceiling heights, could potentially be turned into additional livable SF as well). This lot consists of 11,761 SF on its own. Renovation work is needed on the property, but some (i.e.: High end Finished Kitchen) already in place.

Adjoining “Lots 2, 3 and 4” (info below) combined into 1 large corner lot = 21,780 SF (“Lot 1” NOT included)

  • Parcel 55.198.1 consists of 10,019 SF

  • Parcel 55.198.3 consists of 10,454 SF

  • Parcel 55.198.7 consists of 1,307 SF

Seller is also willing to offer just the existing property in “Lot 1” with a Right of First Refusal for a pre-agreed upon price on the other 3 lots, and Seller would pursue a single family on that combined corner lot to sell as an approved project. Details can be discussed. But Seller’s official offering of $799,900 includes all 4 lots packaged into 1 sale.

Saturday 11/08: 12pm-2pm - please come by for an unofficial Open House. Contact Listing agent for any questions prior!


Investment highlights

  • 4 parcels. All parcels' property record cards (tax assessment public data from Chelmsford) attached. Breakdown below
  • Parcel 55.198.9 - 11,761.2 SF lot (0.27 acres) - Existing Structure/Property (with 5,274 SF Gross Area and 2,623 SF Living Area - what is on MLS currently for $724,900, which we will be dropping to $699,900)
  • Parcel 55.198.1 - 10,018.8 SF lot (0.23 acres per the attached)
  • Parcel 55.198.7 - 10,454.4 SF (0.24 acres per the attached)
  • Parcel 55.198.3 - 1,306.8 SF (0.03 acres per the attached)
  • "Plot Plan and outline of lots" - attached for easier view of all lots, provided to us / drawn in pen for easier identification by our closing attorney.
  • Total SF from all 4 lots = 33,541.2 SF

Listing Contacts

CS
9532436
Prestige Property Solutions
Listed by Prestige Property Solutions

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