50 Mansion DrRowley, MA 01969

Property Details for 50 Mansion Dr

Year built

1905

Construction

FRAME

Lot size

10.39 AC

Property size (Sq ft)

16,123 SF

Property type

Commercial real estate

APN

ROWL M:0028 B:0065 L:0000

APU

ROWLM0028B0065L0000

Description

This exceptional 44,000 square foot mansion, known as Sea View Manor, presents an unparalleled investment opportunity. Built in 1903 and meticulously maintained for three generations by the same family, this property boasts stunning views of Ipswich Bay, Plum Island Sound, and Halibut Point Reservation. Previously utilized as a continuing care retirement rehabilitation facility, the main structure offers significant potential for repurposing or redevelopment. The expansive 10.39-acre estate includes an additional 39.25 acres of land with approved residential development potential, totaling 49.64 acres. This presents a unique opportunity to expand the existing property or develop the additional acreage. The property's prime location offers convenient access to major transportation routes, situated just one mile from Route 1A and six miles from Interstate 95. The potential for future expansion is further enhanced by the availability of abutting parcels, offering significant long-term growth prospects. This is a rare chance to acquire a substantial estate with remarkable history, breathtaking views, and significant development potential. The asking price is $17,500,000.

• Alternative Use

  Use

  Valuation

  Residential

  $3,051,102

  Hospitality

  $2,794,793

  Educational

  $2,325,235

  Medical

  $2,405,204

  Retail

  $3,617,032

Location Insight

City

Rowley

County

Essex

State

Massachusetts

Latitude

42.7366

Longitude

-70.8819

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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