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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Last Updated: October 7th, 2024 at 4:36pm
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General Information for 81-85 L Street, Boston, Massachusetts 02127
Property TypeCommercial Sale
Price$3,100,000
MLS #73190183
List Date2024-01-03
Special Listing ConditionsNo
StateMassachusetts
Street NameL Street
Unit
CityBoston
Zip Code02127
CountySuffolk
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress81-85 L Street, Boston MA 02127
Zoning
Zoning DescriptionLegal Conforming,Other (See Remarks)
Business TypeCommercial
Interior Features for 81-85 L Street, Boston, Massachusetts 02127
* Approx. Living Area Total0 sq ft
MLS Area (Major)
OffMarketDate03/09/2024
Exterior Features for 81-85 L Street, Boston, Massachusetts 02127
* Parking Spaces0
* Year Built1950
Year Built Details
Year Built Source
Construction MaterialsNo
Approx. Street Frontage
Utilities
Disclosures for 81-85 L Street, Boston, Massachusetts 02127
Buyer Agent Compensation2.0
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation0
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 81-85 L Street, Boston, Massachusetts 02127
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease TypeOther (See Remarks)
OriginalListPrice$3,100,000
Lifestyle Information for 81-85 L Street, Boston, Massachusetts 02127
Association AmenitiesNo
Frontage Type
GarageYNNo
Location information for 81-85 L Street, Boston, Massachusetts 02127
Marketing History for 81-85 L Street, Boston, Massachusetts 02127
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PurchaseContractDate
Agent Information for 81-85 L Street, Boston, Massachusetts 02127