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Residential Development Opportunity in Kingston

38 Crescent Street, Kingston, MA 02364

For Sale
$1,195,000

Planned 54-unit residential development with preliminary approvals.

Property SizeContact for details
Days on Market205

Property Features for 38 Crescent Street

General Information

Standard status Active
Property subtype Commercial
Zoning MDL01, Legal Conforming

Taxes and HOA fees

Annual Taxes $8,307

Building Details

Year Built 1900
Listing Agency: Berkshire Hathaway HomeServices Commonwealth Real Estate
Listed By: James Drumm · License MA RES.0044269
Source: Alliancepartnersre
Added: Apr 23 Changed: Nov 12 Last Checked: Jul 16 at 10:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Commonwealth Real Estate

Rey
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Investment Insights

Based on property information with market context.

This property presents a development opportunity for a planned 54-unit residential complex. The proposed development includes 30 one-bedroom units, 18 two-bedroom units, and 6 three-bedroom units. Preliminary approvals are in place, with the final state-level 40B approval to be obtained by the buyer. The plan includes 65 proposed parking spaces. A single-family home, currently tenanted, is included with the property. Existing agreements, including a sewer betterment agreement with the town of Kingston and a wetlands conservation agreement with the state Department of Environmental Protection, will transfer to the buyer. Obtaining all final approvals will be the responsibility of the buyer.

Key Highlights

  • Planned 54‑unit residential development
  • Preliminary approvals in place
  • Includes a currently tenanted single‑family home

Property Analytics

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Open Analytics

Suggested Use

Top Pick Dental Office Pharmacy (Bike/Boat/Book/etc) Store Barber Shop Grocery & Convenience Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

226
Businesses Nearby

Demographics for 02364, MA

13,708
Population
5,658
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
99%
High-School Grad
18.6 sq mi
ZIP Area
737
Density / Sq Mi
$115,863
Median Household Income
$59,955
Median Earnings
$1,157
Median Rent
$562,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Planned 54-unit residential development with preliminary approvals.
Where is this residential land & home lot located?
The property is located at 38 Crescent Street Kingston, MA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Planned 54‑unit residential development; Preliminary approvals in place; Includes a currently tenanted single‑family home
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