Development Opportunity. Existing 3 story brick warehouse together with ZBA APPROVAL TO CONVERT TO A 6 STORY RESIDENTIAL BUILDING OR TAKE ADVANTAGE OF HIGHLY DESIRABLE EDA-SOUTH ZONING WHERE BUILDINGS TO 70′ ARE ALLOWED AND POTENTIAL USES INCLUDE HOTEL, OFFICE, LAB AND SCHOOL! The approved plans call for 6 residential units, the majority of which are direct elevator access 2+ bedroom/2 bath flats with 1420 sq/ft each in a building with +/- 10,800 square feet of total area. The property is located in the South End’s hottest new neighborhood with literally millions of square feet of residential, office, laboratory and cultural spaces under construction. A truly rare opportunity, priced to sell. Clean Phase I environmental report. Delivered vacant.
Property Details
Price:
$3,500,000
MLS #:
73030349
Status:
Active
Baths:
0.00
Address:
587 Albany Street
Type:
Commercial
City:
Boston
Listed Date:
Aug 29, 2022
State:
MA
Square Ft (approx):
5,382
ZIP:
02118
Lot Size:
1,742 sqft / 0.04 acres (approx)
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Schools
Interior
E L E V A T O R
No
Total Bldg Sq Ft
5,382
Exterior
C O N S T R U C T I O N
Brick
Financial
Assessed Bldg Value
$385,600
T A X E S
$14,161
Buyer Agent Compensation
2%
Map
Community
- Address587 Albany Street Boston MA
- AreaSouth End
- CityBoston
- CountySuffolk
- Zip Code02118
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Courtesy of William Raveis R.E. & Home Services. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
587 Albany Street
Boston, MA