New Construction
Address
27 Nahant Ave, Revere, MA
Price
$ 3,199,900
Property Attributes
- MLS#73223415
- TypeCommercial
- CountySUFFOLK
- CityRevere
- Zip02151
- Style
- Year Built1920
- Taxes$ 14973
- Price$ 3,199,900
- Bedrooms0
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage6988
- Lot Size4,356 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property 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 # for additional information regarding 114 Shirley Ave.
| Price History | |
|---|---|
| 4/12/2024 | Listed $3,199,900 |
General Features
| Utilities | Public Water,Public Sewer,Natural Gas Available |
|---|---|
| Roof | Rubber |
| Zoning | GB |
| Year Built | 1920 |
| Tax Year | 2023 |
| Gross Income | 83400 |
| County | Suffolk |
| Net Operating Income | 53145 |
| Operating Expense | 30256 |
| Property Type | Commercial Sale |
| HOA / Comm Assn | No |
| Status | Active |
| Directions | VFW Pkwy to Shirley Ave. |
| City | Revere |
| Disclosures | TWO properties For Sale as a package (114 Shirley Ave. / 27 Nahant Ave.) Just include Real Estate. Seller and/or Listing Agent make no warranties or representations regarding zoning and/or use of lan |
| Senior Community Y/N | No |
| Zoning Description | Legal Non-Conforming |
| Lot Size Square Feet | 4299 |
| Waterfront Y/N | No |
| Street Name | Nahant Ave |
| Tax Annual Amount | 14973.32 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Lease Type | Gross |
| Standard Status | Active |
Interior Features
| Total Baths | 5 |
|---|
Exterior Features
| Total Parking | 10 |
|---|---|
| Lot Size Area | 0.1 |
| Building Area Total | 6988 |
| Lot Size Acres | 0.1 |
| Frontage Length | 112.00 |
| Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 02151
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - 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
