79 America Street

Description

INVESTOR SPECIAL | DEVELOPER OPPORTUNITY 79 America Street offers a rare combination of an existing historic residence, substantial land, accessory space, parking, and meaningful future development potential. The property currently consists of a meticulously maintained 3-story historic brick home exceeding 1900 square feet, complemented by a 1,000-square-foot accessory building and an adjoining vacant lot. The combined property encompasses approximately 6,305 square feet, creating an unusually flexible footprint in a downtown location. For developers and investors, the possibilities are extensive. The current zoning allows for up to three units,presenting the opportunity to convert the existing structure into a triplex or utilize the vacant portion for a new single-family residence or duplex, subject to applicable approvals. The vacant area also provides significant additional parking potential. The existing 79 America residence retains its historic character while offering strong functionality, featuring original hardwood floors, large piazzas, bridge views from the second floor, and three newer HVAC systems, one serving each floor. A large driveway currently provides three off-street parking spaces. The property can be envisioned in numerous ways: Development play: Retain the existing structure while developing the vacant portion, potentially adding a duplex or single-family residence. Multi-unit investment: Utilize the current zoning opportunity to create additional residential units. Single-property estate: Keep the parcels together as an expansive downtown residence with an oversized yard, accessory building, pool, patio, gym, garage, or pool house. Live/work opportunity: Utilize the existing residence as an office or professional space while taking advantage of the additional land and accessory building. Future development: Subdivide the vacant portion and create a new residence while retaining the existing historic home.