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.
This listing has been viewed 55 times in the past 209 days
Last Updated: October 29th, 2024 at 5:58am
Highway Access
Shopping
Park
Medical Facility
Public Transportation
T-station
University
Sidewalks
General Information for 768 - 772 Tremont Street, Boston, Massachusetts 02118
Property TypeLand
Property Sub TypeLand
Price$5,250,000
MLS #73142106
Handicap Access / FeaturesNo
List Date2023-07-29
Special Listing ConditionsNo
StateMassachusetts
Street NameTremont Street
CityBoston
Zip Code02118
CountySuffolk
MLS StatusActive
AssociationNo
Heat Zones
Sold Date
Property Sub TypeLand
AdditionalParcelsYNNo
AvailabilityDate
Close Date
Close Price$0
Gas
Listing Service
UnparsedAddress768 - 772 Tremont Street, Boston MA 02118
ZoningMFR/LS
Interior Features for 768 - 772 Tremont Street, Boston, Massachusetts 02118
ElectricOn-site
ElectricYes
Electric$0
Electric on PropertyNo
MLS Area (Major)South End
OffMarketDate
Exterior Features for 768 - 772 Tremont Street, Boston, Massachusetts 02118
* Approximate Lot Size0.09 acres
Lot FeaturesCorner Lot, Level
* Parking Spaces
* Sewer UtilitiesPublic Sewer
* Water UtilitiesPublic
Approx. Street Frontage
Parking FeaturesNo
Utilities
Cultivated Area
FarmLandAreaUnits
Lot Size (Square Feet)3,774 Sqft
MLSPIN_PERC_TEST
MLSPIN_PERC_TEST_DATE
PastureArea
Wooded Area
Disclosures for 768 - 772 Tremont Street, Boston, Massachusetts 02118
Buyer Agent Compensation2.5
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Facilitator Compensation0
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 768 - 772 Tremont Street, Boston, Massachusetts 02118
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value$2,094,000
Real Estate Tax$36,674
Tax Year2023
OriginalListPrice$5,250,000
Lifestyle Information for 768 - 772 Tremont Street, Boston, Massachusetts 02118
Association AmenitiesNo
Frontage Type
GarageYNNo
WaterviewNo
Waterfront FeaturesNo
Location information for 768 - 772 Tremont Street, Boston, Massachusetts 02118
Elementary School
High School
NumberOfLots
Marketing History for 768 - 772 Tremont Street, Boston, Massachusetts 02118
MLSPIN_MARKET_TIME_BROKER228
MLSPIN_MARKET_TIME_PROPERTY228
PurchaseContractDate
Agent Information for 768 - 772 Tremont Street, Boston, Massachusetts 02118