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Rarely can you find a redevelopment / development opportunity that also produces cash flow today. Comprised of a 37,000 SqFt+- four story building, large parking lot with 20+ spaces and three commercial bays with attached single family in rear. Strong retail and office tenants in place including two anchor tenants, Santander and the Post office. Current gross annual revenue of almost $420,000. Separate electric for all units and separate heat / AC for all first floor retail units. Vacancy on half of the second floor, and full vacancy on remaining 3rd and 4th floors. Frame construction with brick exterior, this property has an abundance of future potential, from storage space (its most recent use) to large loft and beam residential units. Full redevelopment is also possible with a 26,836 square foot lot, curb cut on Leonard street and NS zoning which allows for a wide array of commercial/res. Only .2 of a mile from Fields Corner T stop. A prime investment in the heart of Fields Corner.

MLS Listing ID: 73071505
Listing Price: $6,200,000
Listing Status: Active [?]
Neighborhood: Dorchester
Property Type: Multi Family
Living Space: 37400 sf.
Lot Size: 0.62 acres (26863 sf.)
Parking: Yes
Taxes: $58,946.00
Tax Year: 2023

Listing Current as of February 09, 2023 12:00am

This listing brought to you by Ramsay and Company of Leading Edge Real Estate.

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