Multi-Family•Low-Rise/Garden•For Sale

Dyer Street Townhomes

0 Dyer Street Rockland, Rockland, Massachusetts 02370

Sale Price $799,000
Sale Type Development
Year Built 2020
Gross Bldg 25,600 SqFt
Land Area 1.85 Acres
Project Size 16
Sub-Market Boston
Ellis Realty Advisors has been exclusively retained to sell the 16 potential townhome/multifamily units on Dyer Street in Rockland MA. Total SF of all 6 lots combined is 80,647SF. Dyer street is paved to the existing houses on lots 91 & 82. Lots 90 and 83 are zoned R-2 and allow by right single and two family residences these lots because of their prior recoded lot status have no minimum front yard or rear yard requirement. The side yard requirement is 11 feet. The remaining lots (89, 88, 87 & 84) are zoned B-1 which allows by right Multi Family residences and we believe 12 units can be constructed to go with the 4 on lots 90 & 83. Current owner is planning 16 townhouses with garages. Wetlands line was flagged where the stream abuts lots 87 and 84. All the lots were surveyed and plan’s to reconfigure lots 89, 88, 87, and 84 because there is no minimum lot size in the B-1 zone. Paved roadway will be continued (Dyer Street is a town way) and extending the sewer and water mains to service these lots; the sewer main is operational to the existing houses; a new water main would need to be run very short distance from South Douglas street ANR approval Roadway and utility layout ANRAD approval of wetlands Survey & topo will be completed All that is left would be to take potential buyers own townhome design and obtain site plan approval, multi family residences and duplex’s are a use by right. Title exam which will show that owner can abandon the portion of Dyer Street opposite lots 89, 88 & 87 and add this land area to the lots for additional density. Asking $799,000 Ellis Realty Advisors has been exclusively retained to sell the 16 potential townhome/multifamily units on Dyer Street in Rockland MA. Total SF of all 6 lots combined is 80,647SF. Dyer street is paved to the existing houses on lots 91 & 82. Lots 90 and 83 are zoned R-2 and allow by right single and two family residences these lots because of their prior recoded lot status have no minimum front yard or rear yard requirement. The side yard requirement is 11 feet. The remaining lots (89, 88, 87 & 84) are zoned B-1 which allows by right Multi Family residences and we believe 12 units can be constructed to go with the 4 on lots 90 & 83. Current owner is planning 16 townhouses with garages. Wetlands line was flagged where the stream abuts lots 87 and 84. All the lots were surveyed and plan’s to reconfigure lots 89, 88, 87, and 84 because there is no minimum lot size in the B-1 zone. Paved roadway will be continued (Dyer Street is a town way) and extending the sewer and water mains to service these lots; the sewer main is operational to the existing houses; a new water main would need to be run very short distance from South Douglas street ANR approval Roadway and utility layout ANRAD approval of wetlands Survey & topo will be completed All that is left would be to take potential buyers own townhome design and obtain site plan approval, multi family residences and duplex’s are a use by right. Title exam which will show that owner can abandon the portion of Dyer Street opposite lots 89, 88 & 87 and add this land area to the lots for additional density. Asking $799,000
2/25/2020 10:03:07 PM 3/17/2020 5:16:18 PM
Colin Moynihan
Senior Partner
Ellis Realty Advisors
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