$3,800,000

Exceptional Commercial development & investment opportunity in Prime location to acquire a highly versatile commercial property offering approx. 1.5 acres of land with significant expansion or redevelopment potential. This property is in Overlay zone for affordable housing, general commercial & neighborhood commercial zone. Town approved a preliminary 12 unit density project. This property now features a distinctive Victorian-style home that provides character & architectural appeal rarely found in commercial offerings. The structure is suitable for office, professional services, & mixed used conversion. The property also includes a warehouse with four oversized bays providing flexible space for storage, distribution, contractor operations & a variety of commercial applications. This expansive parcel is 1 mile from the beach and less than 1/2 mile from restaurants & shopping on Arnold Ave. The property offers valuable frontage, accessibility and ample parking. Developers will appreciate the sites size, visibility & potential for future commercial, mixed-use & higher-density projects upon local zoning regulations & municipal approval.s