Property Attributes
- MLS#73223415
- TypeCommercial
- CountySUFFOLK
- CityRevere
- Zip02151
- Style
- Year Built1920
- Taxes$ 14973
- Price$ 3,199,900
- Bedrooms0
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage6988
- Lot Size4,356 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Unique RE Development Opportunity. Become part of the “Shirley Avenue Resurgence” via this potential “50+ unit new construction development.” Currently, it is a mixed-use bldg consisting of 2 Commercial storefronts with three residential units above. Totally “under-utilized” in its present state, zoning allows for various uses. The location is in a transit-oriented district 2-3 minutes from MBTA Blue Line, connecting to all points. Draft preliminary plans for a 50-unit "transit-oriented development" for serious buyers/investors are on file. Existing business to be sold separately. It is ideal for investors looking to add income property (units) to their portfolio and be a part of Revere's "booming economy." 5 min walk to America's first public beach-Revere Beach. This is an excellent opportunity for builders/developers to convert to multi-level mid-rise housing. Two properties as a package total 9798 sq ft. See MLS # for additional information regarding 114 Shirley Ave.
Price History | |
---|---|
4/12/2024 | Listed $3,199,900 |
General Features
Utilities | Public Water,Public Sewer,Natural Gas Available |
---|---|
Roof | Rubber |
Zoning | GB |
Year Built | 1920 |
Tax Year | 2023 |
Gross Income | 83400 |
County | Suffolk |
Net Operating Income | 53145 |
Operating Expense | 30256 |
Property Type | Commercial Sale |
HOA / Comm Assn | No |
Status | Active |
Directions | VFW Pkwy to Shirley Ave. |
City | Revere |
Disclosures | TWO properties For Sale as a package (114 Shirley Ave. / 27 Nahant Ave.) Just include Real Estate. Seller and/or Listing Agent make no warranties or representations regarding zoning and/or use of lan |
Senior Community Y/N | No |
Zoning Description | Legal Non-Conforming |
Lot Size Square Feet | 4299 |
Waterfront Y/N | No |
Street Name | Nahant Ave |
Tax Annual Amount | 14973.32 |
Home Warranty Y/N | No |
Building Area Units | Square Feet |
Lease Type | Gross |
Standard Status | Active |
Interior Features
Total Baths | 5 |
---|
Exterior Features
Total Parking | 10 |
---|---|
Lot Size Area | 0.1 |
Building Area Total | 6988 |
Lot Size Acres | 0.1 |
Frontage Length | 112.00 |
Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool