Investment Analysis — 66 Lake Street

Rare opportunity for builders, developers, and investors near Webster Lake! This approximately 0.72-acre vacant parcel is located in Webster’s District 3, Multiple-Family Residential zoning district and offers strong potential for future residential development. The property features approximately 77 feet of frontage according to the GIS and extends into a substantial interior land area, creating flexibility for a variety of possible site layouts.Based on the deed, GIS mapping, and the dimensional standards contained in the Webster Zoning Bylaw, preliminary analysis suggests the potential for a three-unit, four-unit, or possibly five-unit residential project. Potential concepts may include a single multifamily building or more than one residential structure on the parcel. Any proposed use, unit count, building configuration, parking plan, or site layout is subject to independent buyer due diligence, municipal interpretation, site plan review, engineering, utility availability, etc., and all applicable approvals.The property is conveniently located near Webster Lake, local beaches and recreation, shopping, restaurants, schools, and major commuter routes. An excellent opportunity for an experienced builder or investor seeking multifamily-zoned land in a convenient Webster location.Buyers and buyers’ agents must independently verify all information, including acreage, frontage, lot dimensions, zoning, allowable uses, unit count, utilities, wetlands, floodplain status, access, permitting requirements, and development feasibility. The seller and listing broker make no representation or guarantee regarding approval of any specific development plan.