Sold!
$3,200,000
6,988
Living Area
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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 # 73223413 for additional information regarding 114 Shirley Ave.
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Highlights
- Property Class: Commercial Sale
- Status: Closed
- Year Built: 1920
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Additional Details
- Roof: Rubber
- Zoning Description: Legal Non-Conforming
- Zoning: Gb
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Fees / Taxes
- Tax Year: 2023
- Taxes: $14,973
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