Single Family House Lot for Sale

The Town of Reading is advertising the availability, through public bid, of a single family house lot for sale on Lothrop Road in Reading.

The property in question has 31, 814 square feet of land, or approximately ¾ of an acre.  The lot is not sub-dividable, and can only be used for purposes of a single family house lot. The lot, is heavily wooded, and has all utilities available to it. It is located in an established and very desirable residential neighborhood of Reading.

The site has a variance for lot width (it has only 40 feet of frontage on Lothrop Road), and the bid packet includes the 21E environmental study for the property, which shows no environmental issues.  A Title review has also been done and is included in the packet.

The minimum bid price is $250,000.  Bids are due on April 10 at 10 am in Town Hall, 16 Lowell Street. The Town intends to award the sale within 30 days of the bid, to the highest qualified bidder. Closing is anticipated within 90 days of the bid award.

For details of this offering, and a copy of the bid package, please email pschena@ci.reading.ma.us. Bid packets can be emailed or picked up in the office of the Town Manager.
 
For further information contact
Peter I. Hechenbleikner
Town Manager
16 Lowell Street, Reading MA 01867
781-942-9043
townmanager@ci.reading.ma.us