535 West Lowell Ave, Haverhill, MA 01832

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Scott R.

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Building Details:

535 West Lowell Ave is aland property for lease in Haverhill, MA.

I-495, exit 49 - Fully approved "shovel-ready" 179 unit residential apartment or condominium project located just off Exit 49, I-495. Flexibility in designs with potential for apartment community or condominium ownership. Permitted under 40B regulations. Three buildings with 58 units each on 37.4 +/- acres. Parking under all buildings. 21 one-bedroom, one bath units, 153 two-bedroom, two bath units & 5 townhouses. Unit sizes range from 800 to 1350 SF. Additional accounting benefit due to land zoning.

Tenney Place is situated on 37.4 acres of land located on the northerly side of West Lowell Avenue in Haverhill, MA. The address is 503 West Lowell Avenue. The land was approved on December 24, 2003 under a Comprehensive Permit for development of a 179 unit condominium via Massachusetts General Laws Chapter 40B.

Of the total 37.4 acres of land, only 7.4 acres will be used in the development with the other 30 acres remaining as open space. There is 132.58 feet of frontage on 535 West Lowell Avenue. The single means of egress into the site will be through this frontage. Additionally, 503 West Lowell Avenue was purchased for added access to Tenney Place. Of the total site area, 22.9 acres is upland while 15.1 acres are wetlands. Portions of the site are located within the boundaries of the 100-year flood zone according to FEMA. The Creek Brook, a tributary off the Merrimack River, runs through the subject site and is a significant portion of the wetlands. The proposed buildings will be at elevations ranging from 15-25 feet above the Creek Brook.

The utilities that will be available are municipal water, sewer, natural gas, cable television, broadband Internet, electricity, and telephone. All utility lines will be installed below ground.

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