Oceanfront Mixed-Use Property with development potential. Discover a rare gem in this stunning oceanfront property situated on a large lot with multiple potential uses. This unique opportunity features a well-appointed upstairs apartment, offering breathtaking ocean views and a comfortable and stylish living space. The ground level hosts a commercial space that was previously occupied by a popular take out restaurant and ice cream stand. Outside you'll find an outdoor shower, large deck space and seaside seating areas. The prime location offers excellent visibility, parking and foot traffic opportunities. Looking to build your dream home? Take advantage of the residential zoning and over 16,500 sq. ft. lot! Alternatively, the property has fantastic potential for investors looking to capture rental income. Located in the Plum Island Overly District. Buyer responsible for all due diligence. Large oceanfront lots like this are rare, don't miss this incredible opportunity!
2 Northern Blvd, Newbury, MA, 01951
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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