Attention Developers and Investors: This property consist of 5,000 sqft of developable land and it is adjacent to a 36 Residential Unit Development currently under construction, located at 242 Spencer Ave. The potential to build 8 or more units is highly plausible considering the BR2 (BH + R2) zoning it is in. There are also many other developments either currently under construction, have been approved, and or have been completed and sold on Spencer Ave. Please refer to 204 Spencer Ave at the corner of 49 Webster Ave, and 87 Parker at the corner of Spencer Ave. The land is also conveniently located minutes from several local major developments. These being the Wynn Casino in Everett, and 3 other major development sites in Revere at the Suffolk Down Race Track, Wonderland Race Track, and the NECCO candy factory. The property is 5 minutes from Logan Airport, 10 minutes to Downtown Boston, and is yards away from Rt16 with access to all major highways. Contact list agent for more details.