768 Tremont St - Commercial LAND FOR SALE


Boston, MA 02118- South End Boston3,772 SF
$5,250,000 USD
781-710-4544
768 Tremont St, Boston, MA for Sale
$5,250,000 USD
Commercial LAND - FOR SALE
1/7
3,772 SF

768 Tremont St
Boston, MA 02118
South End Boston


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/ACRE

$60,596,184/AC

PRICE/SF

$1,391 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units - Condo

LAND ACRES

0.09 AC

LAND SF

3,774 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Anthony BrunoGibson Sotheby's International RealtyMore Info
781-710-4544

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Anthony BrunoGibson Sotheby's International RealtyMore Info
781-710-4544

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.