This 0.92 acre property with a residence zoned I1 ( Light Industrial ) offers a rare opportunity for investors, developers, or business owners. The house, built in 1944 was moved onto a new foundation and basement in the 1980s, is solid though certainly ready for updating. It could be the house to live in while operating a business, or serve as a revenue generating rental while you finalize redevelopment plans. With nearly an acre of land presently zoned light industrial, the site presents multiple potential redevelopment pathways. It may be worth checking with the development officials as to whether the town would possibly be open to considering a rezoning to multi family residential, given the established housing directly across the street. While nothing is guaranteed, the range of possibilities makes this property well worth exploring. Whether you’re looking for an affordable property with a large yard to live on, revenue generation while pursuing long term development plans, this parcel delivers exceptional upside values. (id:27476)
