Sold!
$3,200,000
0.13
Acres
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Property Description
Become part of the “Shirley Avenue Resurgence” via this potential “50+ unit new construction development.” Currently, the mixed-use bldg consists 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/Concepts for a 50-unit "transit-oriented development" for serious buyers/investors on file. Ideal for investors looking to add 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 multi-level mid-rise housing to an income-producing 50-unit bldg. See MLS # 73223415 for additional information regarding 27 Nahant Ave.
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Highlights
- Area: Revere Beach
- Property Type: Commercial
- Property Class: Land
- Status: Closed
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Additional Details
- Lot Features: Level, Curbs & Gutters, Sidewalks
- Road Frontage Type: Public, City Street
- Number of Lots: 2
- Zoning: Gb
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Amenities
- Community Features: Public Transportation, Park, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, T-Station, Sidewalks
- Waterfront Features: Ocean, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
- Parking Features: Shared Driveway
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Utilities
- Electric: On-Site
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $210,500
- Taxes: $2,002
- Tax Year: 2023
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Listing information provided courtesy of Sciaraffa Real Estate, LLC.
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