$2,600,000
9
Beds
9/9
Baths
4,024
Living Area
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Property Description
Presenting 81-85A L Street, an existing urban infill retail property, offering tremendous value-add and long-term development potential, located in the heart of South Boston’s Eastside. The property is currently improved with a single-story building, totaling approximately 7,836 SF (including basement) and sits on a 4,592 square foot lot, bound by L, Emerson, and East 4th Street(s). Situated in South Boston’s most dynamic and desirable neighborhood, the property is surrounded by a dynamic mix of retail, dining, entertainment, and fitness options, that line the East Broadway corridor. Additionally, 81-85A L Street is proximate to several transformative upcoming developments and offers investors an attractive “covered-land-play” with in place cash flow. Investors are offered an immediate value add for users or the opportunity to re-lease approximately 60% of the building (currently Executive Cleaners), which will be delivered vacant, as well as potential for long-term development
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Highlights
- Parking Spots: 9
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1950
- Property Class: Residential Income
- Total Rooms: 18
- Status: Closed
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Additional Details
- Fireplaces: 18
- Lot Features: Other
- Year Built Details: Actual
- Zoning: 9999
- Foundation: Concrete Perimeter
- Total Number of Units: 9
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, Other
- Waterfront Features: Beach Front
- Covered Parking Spaces: 9
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $9,999
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 9999
- Total Rent: $19,998
- Buyer Agent Compensation: 2%%
- Facilitator Compensation: 0%%
- Taxes: $9,999
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Listing information provided courtesy of Cushman & Wakefield.
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