27 Nahant Ave Revere, MA
$3,199,900
Square Feet 6,988
Acres 0.10
Description
Unique RE Development Opportunity. Become part of the “Shirley Avenue Resurgence” via this potential “50+ unit new construction development.” Currently, it is a mixed-use bldg consisting of 2 Commercial storefronts with three residential units above. Totally “under-utilized” in its present state, zoning allows for various uses. The location is in a transit-oriented district 2-3 minutes from MBTA Blue Line, connecting to all points. Draft preliminary plans for a 50-unit "transit-oriented development" for serious buyers/investors are on file. Existing business to be sold separately. It is ideal for investors looking to add income property (units) to their portfolio and be a part of Revere's "booming economy." 5 min walk to America's first public beach-Revere Beach. This is an excellent opportunity for builders/developers to convert to multi-level mid-rise housing. Two properties as a package total 9798 sq ft. See MLS # 73223413 for additional information regarding 114 Shirley Ave.
Listed by Lynnway Associates, Lou Markakis
Details
MLS 73223415
Status Pending
Price $3,199,900
DOM 243 days
Type Commercial
Square Feet 6,988 sqft
Lot Size 0.10 acres
Year Built 1920
Lot & Building Features
Tax Year 2023
Taxes Paid $14,973
Roof Rubber
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Financing
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6.75%
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per month
Principal & Interest
Monthly Taxes
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.