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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.

MLS Listing ID: 73142105
Listing Price: $5,250,000
Listing Status: Active [?]
Neighborhood: South End
Property Type: Multi Family
Bedrooms: 12
Full Baths: 12
Living Space: 11172 sf.
Lot Size: 0.09 acres (3774 sf.)
Parking: -
Taxes: $36,673.76
Tax Year: 2023

Listing Current as of May 26, 2024 12:00am

This listing brought to you by Anthony Bruno of Gibson Sotheby's International Realty.

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