Description
Incredible development opportunity, this fully entitled lot includes building permits & construction docs to build a 13,600sqft building with 10 units consisting of 9 two bedroom apartments/condos & 1 commercial space. Roughly 10,437 sqft of total sellable/rentable area & 5 garage parking spots on a 3,507 sqft. corner lot, 275ft from Roxbury Crossing Orange Line T. Average sales price is around $1,050/sqft+ for similar condos. At a building price of $375/sqft. after acquisition, holding & construction costs there’s ample profit to be made. Or hold & rent around a 7.4% cap rate. Sellers have obtained all necessary surveys, environmental reports, building & structural plans plus building permit, all fully approved. Within 1 mi. or less are Longwood Medical Area (largest employer outside of downtown Boston), Fenway, Northeastern, MCPHS, Wentworth, Southwest Corridor, plus restaurants, shops & more! Leave your mark on Mission Hill & generate a solid return. Offers due 7/28 @ 5pm.
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Listing Agent: Mission Realty Advisors
Listing Office: Compass
Attribution contact: 617-206-3333 | 617-942-1609
