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4.01 acres in the City of Lowell, already zoned R3 for residential development. Flat ground. Water and sewer available at the site. Natural gas available. No structures on the ground.This is a shovel-ready position. R-3 zoning is in place, the ground is flat, water and sewer are available, and multifamily is a permitted use by right. The standard density cap of 10 units/acre puts this parcel at approximately 40 units by right. The City of Lowell has already approved a density increase on a comparable R-3 parcel (a 2.5-acre site where the city agreed to a higher unit count above the standard allowance), demonstrating a path to additional density for a developer willing to engage the planning process. No rezoning required to start building.
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