An outstanding Salisbury Beach oceanfront / oceanside development opportunity. Addresses are 38 & 40 Central Ave. Current Map / Parcel numbers are as follows: 38 Central Ave, 33-161, 40 Central Ave, 33-162. Approximately 10,000 sq. ft. with 50 ft. ocean/beach frontage. Lots are located in the beach commercial district. A fair estimate is that 18-24 parking spaces can be provided on the properties. Zoning requires 2 parking spaces for every 2 or 3 bedroom unit providing for a potential of 9-12 condominium units to be built on the property. Due diligence and all research to be done by all prospective buyers. Offered at $2,000,000.
38-40 Central Ave, Salisbury, (Salisbury Beach), MA, 01952
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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