8 Penobscot Way Active Save Request In-Person Tour Request Virtual Tour
Andover,MA 01810
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73401931
HOA Y/N false
Annual Tax Amount $10,135
Tax Year 2025
Lot Size 0.670 Acres
Acres 0.67
Property Sub-Type Residential
Property Description
Outstanding opportunity for builders and developers to acquire a prime 29,055 sq ft lot in one of Andover's most desirable neighborhoods. Located on a cul-de-sac with direct access to walking trails & views of Field Pond, this wooded site offers both privacy & marketable lifestyle appeal. Gently sloping terrain offers design flexibility & possible walkout. TITLE V APPROVED w/ a 4-bedroom septic system design on file. The existing 1-bedroom, 1.5-bath structure, built in 1970, is ready for teardown, clearing the way for a high-end new construction project. Conveniently located just minutes from I-93 via Route 125, this property is ideal for commuters & offers strong resale potential in a sought-after area. Town water & natural gas are onsite, reducing development costs & complexity. All permitting & approvals to be secured by the buyer. Rarely does a lot of this quality & location become available so bring your plans & capitalize on a high-demand neighborhood w/ strong upside potential.
Location
State MA
County Essex
Area South Andover
Zoning SRC
Direction Rte 125 to Gould (behind State Police Barracks), left on Farrwood, right on Penobscot
Exterior
Community Features Walk/Jog Trails,Conservation Area,Highway Access,House of Worship,Private School,Public School,T-Station
Waterfront Description Waterfront,Pond
View Y/N Yes
View Scenic View(s)
Building
Lot Description Easements,Gentle Sloping,Cul-De-Sac
Sewer Private Sewer
Water Public
Schools
Elementary Schools Bancroft
Middle Schools Doherty
High Schools Ahs
Others
Senior Community false