NORTH ATTLEBORO – Since closing years ago, a run-down former gas station in the residential zone of Kelley Boulevard has become overgrown with trees so tall that they’re mostly covering up a price of $2.35 per gallon.
The old Super Petroleum is being offered for $235,000 and will soon officially come on the market, according to representatives for the owners.
DJ Gendreau, licensed real estate salesperson for Douglas Elliman Real Estate, told The Local Insider that they’re already seeing strong interest regarding the 1.43-acre property at 135 Kelley Blvd. for residential use.
This is a unique redevelopment opportunity, he said, with a Permanent Solution Statement filed with the Massachusetts Department of Environmental Protection showing no conditions and a clear path forward for residential use, subject to buyer due diligence and approvals.
“Personally, I see strong upside in thoughtful residential development here (3-5 townhomes with a lush greenspace?), something that enhances the neighborhood and makes better use of the land,” he said.
From a market standpoint, homes in the Attleboro/North Attleboro area are moving quickly, often at or above asking price, he added, creating a “strong, high-demand market.” He said North Attleboro would love more homes with easy highway access in an area of Kelley Boulevard that’s seeing new developments coming online.
“This is an amazing opportunity,” he said, with homes on the market in the area moving quickly. He said they’re excited that “this eyesore is up for grabs,” and it could go to anyone from a first-time homebuyer who wants to build to a developer looking to create multiple homes.
He said they expect that given the history of this property, the neighborhood will support some leniency in allowing a project to move forward. The property was rezoned to residential after the closure of the gas station, he said.
Of 18 recent single-family home sales in town, the average sale price was $601,847, according to data provided by Gendreau, $10,000 more than the average listing price. The average days on the market stood at 52.
