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128 Boulder Ln 40 Acres of Residential Land Offered at $5,900,000 in Beverly, MA 01915

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EXECUTIVE SUMMARY

Property includes an existing cell tower subject to long-term lease agreement. A portion of the land crosses town line into Wenham. Buyer and buyer's agent to do their own diligence.

Previously Submitted Definitive Plan

Off Boulder Lane , 5-815 Plans Part 1 (2)

PROPERTY FACTS

Price	$5,900,000	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Commercial Mixed Use Multifamily Master Planned Community Planned Unit Development Single Family Development
No. Lots	1	Total Lot Size	40.00 AC
Property Type	Land
Zoning	MIXED USE - Single Family, Multi-Family, Industrial - Light, Open Space, Other (See Remarks)

Price	$5,900,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Commercial Mixed Use Multifamily Master Planned Community Planned Unit Development Single Family Development
Total Lot Size	40.00 AC
Zoning	MIXED USE - Single Family, Multi-Family, Industrial - Light, Open Space, Other (See Remarks)

1 LOT AVAILABLE

Lot 1

Price	$5,900,000	Lot Size	40.00 AC
Price Per AC	$147,500.00

Price	$5,900,000
Price Per AC	$147,500.00
Lot Size	40.00 AC

Easements, Wetlands, Sloping, Wooded

DESCRIPTION

Prime Development Opportunity in Beverly, MA—recently named the hottest housing market in the U.S. by Realtor.com. This potentially developable 39+ acre site offers a rare chance to create a large-scale residential or mixed-use community in a sought-after North Shore location. The centerpiece is 128 Boulder Lane (26 acres), zoned Restricted Industrial (IR), while surrounding parcels are R15 (single-family residential). While zoning favors single-family homes, select multi-family projects—such as Subsidized Elderly Housing—or commercial uses may be permitted by Special Permit. Excellent location near major routes, Gordon College, and Beverly Farms. With strong demand for housing and specialized communities, this property offers developers an exceptional canvas. Buyer and buyer's agent to do their own diligence.