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Size: 1.75 Acres

Terrific development opportunity for the corner of Salem St & Gray Rd. Division of property into 2 parcels is just about complete. Gorgeous corner lot, mostly level then gently sloping down to the South. With hundreds of acres of conservation across the streets, easy access to Rt 125 and in an area with $1 million plus homes, this is an ideal location for a construction project. The .68 acre +/- host lot has an existing 4 bedroom 3 bath home. Originally the Holt District schoolhouse, this home includes beautiful wide wood floors and a unique Gothic Arch Window with updates including roofing, siding and electric panel (2017 +/-). The new 1 +/- acre lot has frontage on Salem St of about 200'- no wetlands per plan attached. Plans in process to create 2 septic systems for division of property-installation not included. Preservation Restriction applies. May need flexibility on closing date.

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Coldwell Banker Realty

Andover, MA

(978) 886-0348