1 Sprague St Revere, MA
$1,599,900
Square Feet 3,362
Acres 0.16
Description
Currently a legal 5-unit property listing in RB zoning. Longtime positive cash flow property used for law offices and music school & mixed use. Residential 3+ bedroom unit on 2nd floor. Property also contains drive in commercial garage space with garage doors and access to the 1st floor from inside the garage space. Current rent roll is $7200 a month. Ownership is on site and operating as attorney and law services, with additional rent income producing tenants. Current city zoning is RB which consists of one- and two-family units. Development opportunities to add additional units and levels with waters views is the hidden gem at this location. Special permitting would be required. Ownership is willing to offer help with its legal services of the process to help buyer. MBTA transportation and proximity to revere beach is added benefits. Buyers to do due diligence as best use as to maintain as current 5 unit or special permitting for condos/development in a development friendly town
Listed by Barry Realty Group, Peter Castrichini
Details
MLS 73544243
Status Active
Price $1,599,900
DOM 74 days
Type Commercial
Square Feet 3,362 sqft
Lot Size 0.16 acres
Year Built 1900
Lot & Building Features
Tax Year 2025
Taxes Paid $17,306
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Financing
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6.75%
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per month
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