141-143 Addison Street is a unique investment and development site located minutes downtown Boston. The 21,100 SF site is currently improved with 2 single story flex/industrial buildings totaling 15,400 SF. The property is an ideal housing redevelopment opportunity (rentals or condominiums). In addition to its development potential, the property is a rare occupancy opportunity for an industrial user/tenant and it presents considerable upside for an investor with its short term, below market in-place leases. A short walk to the MBTA’s Blue Line, proximate to numerous MBTA bus stops and immediately accessible to Route 1 and I-90 and I-93, the property is convenient to key destinations throughout the Boston metro area. The property is comprised of 2 separate tax parcels. The property is available as a package (both tax parcels) or individually.
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Last Updated: November 14th, 2024 at 6:33am
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General Information for 141-143 Addison, Boston, Massachusetts 02128
Property TypeLand
Property Sub TypeLand
Price$4,600,000
MLS #72791694
Handicap Access / FeaturesNo
List Date2021-03-02
Special Listing ConditionsNo
StateMassachusetts
Street NameAddison
CityBoston
Zip Code02128
CountySuffolk
MLS StatusUnder Agreement
AssociationNo
Heat Zones
Sold Date01/07/2025
Property Sub TypeLand
AdditionalParcelsYNNo
AvailabilityDate
Close Date
Close Price$0
Gas
Listing Service
UnparsedAddress141-143 Addison, Boston MA 02128
Zoning999
Interior Features for 141-143 Addison, Boston, Massachusetts 02128
ElectricOther (see Remarks)
ElectricYes
Electric$0
Electric on PropertyNo
MLS Area (Major)East Boston
OffMarketDate19/08/2021
Exterior Features for 141-143 Addison, Boston, Massachusetts 02128
* Approximate Lot Size0.48 acres
Lot FeaturesOther
* Parking Spaces
* Sewer UtilitiesOther
* Water UtilitiesOther
Approx. Street Frontage
Parking FeaturesNo
Utilities
Cultivated Area
FarmLandAreaUnits
Lot Size (Square Feet)21,100 Sqft
MLSPIN_PERC_TEST
MLSPIN_PERC_TEST_DATE
PastureArea
Wooded Area
Disclosures for 141-143 Addison, Boston, Massachusetts 02128
Buyer Agent Compensation1
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ONGross/full Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Facilitator Compensation0
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 141-143 Addison, Boston, Massachusetts 02128
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value$999
Real Estate Tax$999
Tax Year999
OriginalListPrice$4,600,000
Lifestyle Information for 141-143 Addison, Boston, Massachusetts 02128
Association AmenitiesNo
Frontage Type
GarageYNNo
WaterviewNo
Waterfront Features3/10 To 1/2 Mile To Beach, Beach Front, Harbor
Location information for 141-143 Addison, Boston, Massachusetts 02128
Elementary School
High School
NumberOfLots
Marketing History for 141-143 Addison, Boston, Massachusetts 02128
MLSPIN_MARKET_TIME_BROKER170
MLSPIN_MARKET_TIME_PROPERTY170
PurchaseContractDate2021-08-19
Agent Information for 141-143 Addison, Boston, Massachusetts 02128