RARE and EXCITING opportunity to develop this 3.02 +/- acre lot zoned under the special Saugus zoning: BUSINESS HIGHWAY SUSTAINABLE DEVLOPMENT ZONING DISTRICT. Numerous potentials to create a welcoming development that both your Buyer and the Town of Saugus can be proud of! Possible Over 55 development, multi apartments and/or condominiums/townhomes, possible mixed-use, zoning allows for up to 90 units, etc. Many possibilities! Bring your ideas, design concepts and build a showpiece your buyer can boast as their own. Currently there are 4 income producing homes on the property. Land is accessible from multiple approved roads. Located and greatly visible from Route I North. This is truly “Gateway to Saugus”.

Property Details

Price:
$4,900,000
MLS #:
73289363
Status:
Active
Beds:
0
Baths:
0
Address:
49-61 Eagle Road
Type:
Commercial
City:
Saugus
Listed Date:
Sep 12, 2024
State:
MA
Finished Sq Ft:
5,500
Total Sq Ft:
5,500
ZIP:
01906
Lot Size:
131,605 sqft / 3.02 acres (approx)
Year Built:

Schools

Interior

Exterior

Parking Spots
9999

Financial

Tax Year
2024
Taxes
$19,406

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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49-61 Eagle Road
Saugus, MA