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: May 7th, 2024 at 3:30am
General Information for 81-85 L Street, Boston, Massachusetts 02127
Property TypeLand
Property Sub TypeLand
Price$3,100,000
MLS #73190176
Handicap Access / FeaturesNo
List Date2024-01-03
Special Listing Conditions
StateMassachusetts
Street NameL Street
CityBoston
Zip Code02127
CountySuffolk
MLS StatusActive
AssociationNo
Heat Zones
Sold Date
Property Sub TypeLand
AdditionalParcelsYNNo
AvailabilityDate
Close Date
Close Price$0
Gas
Listing Service
UnparsedAddress81-85 L Street, Boston MA 02127
Zoning0
Interior Features for 81-85 L Street, Boston, Massachusetts 02127
ElectricOn-site
ElectricYes
Electric$0
Electric on PropertyNo
MLS Area (Major)
OffMarketDate
Exterior Features for 81-85 L Street, Boston, Massachusetts 02127
* Approximate Lot Size0.11 acres
Lot FeaturesOther
* Parking Spaces
* Sewer UtilitiesPublic Sewer
* Water UtilitiesPublic
Approx. Street Frontage
Parking Features
Utilities
Cultivated Area
FarmLandAreaUnits
Lot Size (Square Feet)4,592 Sqft
MLSPIN_PERC_TEST
MLSPIN_PERC_TEST_DATE
PastureArea
Wooded Area
Disclosures for 81-85 L Street, Boston, Massachusetts 02127
Buyer Agent Compensation2.0
Contingency
Financing
Disclosures
Documents Available
MLSPIN_COMP_BASED_ONGross/full Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Facilitator Compensation0
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 81-85 L Street, Boston, Massachusetts 02127
Association Fee$0
Association Fee Frequency
Associaton Fee Includes
AssociationNo
Assessed Value$0
Real Estate Tax$0
Tax Year0
OriginalListPrice$3,100,000
Lifestyle Information for 81-85 L Street, Boston, Massachusetts 02127
Association Amenities
Frontage Type
GarageYNNo
Waterview
Waterfront Features
Location information for 81-85 L Street, Boston, Massachusetts 02127
Elementary School
High School
NumberOfLots
Marketing History for 81-85 L Street, Boston, Massachusetts 02127
MLSPIN_MARKET_TIME_BROKER4
MLSPIN_MARKET_TIME_PROPERTY4
PurchaseContractDate
Agent Information for 81-85 L Street, Boston, Massachusetts 02127