768 Tremont St - Commercial LAND FOR SALE


Boston, MA 02118 3,772 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


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.