0 Olive AvenueHolyoke, MA 01040Price: $139,900

INVESTOR ALERT – 7-UNIT MULTIFAMILY DEVELOPMENT OPPORTUNITY | HOLYOKE, MA. Rare opportunity for developers and investors to acquire a residential development lot at 0 Olive Avenue, Holyoke, MA. The City of Holyoke Building Department’s zoning verification letter confirms that multifamily housing is a permitted use by right in the current Residential Office (RO) zoning district and indicates that a seven-unit multifamily development may be possible, subject to applicable dimensional regulations and requirements. The approximately 5,663-square-foot parcel offers an opportunity to explore a new multifamily project in an established Holyoke location. The city’s letter outlines applicable setback, building height, lot coverage, and lot-of-record requirements. Buyers are encouraged to review the attached zoning verification letter and public records, conduct their own due diligence, and confirm all applicable requirements with the City of Holyoke before proceeding. An opportunity for builders, investors, and developers looking to maximize the potential of a residential development site. Bring your vision and explore the possibilities!