7 Northern Avenue

Description

Exceptional Opportunity for Riverfront Development of Up to 69 Residential Units at Market Rate Discover a remarkable chance to develop up to 69 residential units on this stunning riverfront property, boasting expansive views of the Androscoggin River. Walking distance to the North River Road Boat Launch and less than a mile to the Tranportation Center.Situated in a desirable general business district zoning, this location benefits from water and sewer access at the street. A wetland delineation has already been completed, and its just a 10-minute stroll to dwntn. Property Details *This corner lot allows for 17 units per acre with an additional 20% density bonus. *The property presents immense potential, including: - Two beautiful, four-story multi-unit buildings - Breathtaking sunrise views over the river - Rooftop deck - Ample garden and recreation space - A mix of studio, one-bedroom, and two- bedroom units - Balconies and parking surrounding the buildings With its corner lot location, each building can feature two curb cuts, providing access from three different streets. Water and sewer are available on all three adjacent streets. The seller has received encouraging feedback from the town regarding the preliminary plan. We are selling just the land. 3.4 Acres will be subdivided off the mother lot. No riparian water rights.