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$5,250,000
Est. payment /mo
3,920 Sqft Lot
UPDATED:
11/26/2024 08:05 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73142106
HOA Y/N false
Annual Tax Amount $36,673
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Property Description
Rare South End development opportunity. Seller received ZBA approval (2019) to alter the existing structure from 1.5 floors to 4 floors. Increasing the total number of units from 4 (2 commercial/2 residential) to 8 (2 commercial /6 residential). 1st floor (commercial units) Unit A – 1444 sqft, Unit B – 902 sqft. 2nd floor: Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. 3rd floor – Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. 4th floor – Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. Seller previously operated their dental practice out of the building, but has relocated the practice and the space is currently vacant. A barbershop currently leases approximately 350 sqft on the first floor at $2035/month TAW. A pizza shop currently leases unit 2 at $6390/month. Current lease term runs through April 30, 2025. The two residential units are leased for $2200/month and $2000/month. Both tenants are TAW.
Location
State MA
County Suffolk
Area South End
Zoning MFR/LS
Direction Corner of Tremont Street & W. Springfield Street
Exterior
Community Features Public Transportation, Shopping, Park, Medical Facility, Highway Access, T-Station, University, Sidewalks
Building
Lot Description Level, Corner Lot
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Gibson Sotheby's International Realty
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