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    Eagle Rd Saugus, MA 01906

    For Sale
    $4,900,000

    3+ Acres, 4 Homes, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 3.02-acre parcel in Saugus, MA, presents a rare development opportunity. Situated in the Business Highway Sustainable Development Zoning District, this property offers significant potential for a variety of projects. The zoning allows for up to 90 units, making it ideal for a multi-family residential development, such as an over-55 community, apartments, condominiums, or townhomes. A mixed-use development is also a possibility. The land's high visibility from Route 1 North provides excellent exposure, making it a prime location for a flagship development. Currently, four income-producing homes are on the site, offering immediate return on investment. Access is available from multiple approved roads, enhancing the property's functionality and appeal. This "Gateway to Saugus" location provides unparalleled visibility and accessibility, making it an exceptional investment for a developer seeking to create a landmark project. The property's size and zoning flexibility allow for a wide range of creative development concepts, promising a significant return. Bring your vision and build a development that will be a source of pride for both the developer and the town of Saugus.

    Property Features for Eagle Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    131,551 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Saugus
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.02328
    Latitude
    42.44811

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    FAQs

    What type of property is this?
    Commercial real estate - 3+ Acres, 4 Homes, High Visibility
    Where is this commercial real estate located?
    The property is located at Eagle Rd Saugus, MA.
    What is the asking price?
    The asking price for this property is $4,900,000.
    (781) 233-7300
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Eagle Rd Saugus, MA 01906
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