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768 - 772 Tremont Street

South End, Boston, MA 02118
$5,250,000
0.09 Acres
  • Property Description
    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.
  • Highlights
    • Area: South End
    • Status: Active
    • Property Class: Land
  • Additional Details
    • Lot Features: Level, Corner Lot
    • Zoning: Mfr/ls
    • Road Frontage Type: Public
  • Amenities
    • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, T-Station, University, Sidewalks
  • Utilities
    • Electric: On-Site
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $2,094,000
    • Compensation Based On: Net Sale Price
    • Taxes: $36,673
    • Buyer Agent Compensation: 2.5%
    • Tax Year: 2023

Location

768 - 772 Tremont Street, Boston, MA 02118

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