$5,250,000
768 - 772 Tremont Street, Boston, MA
0.09
Acres
Rare South End development opportunity. Seller received ZBA approval (2019) to alter the existing structure from 1.5 floors to 4 floors. Increasing the total number of units from 4 (2 commercial/2 residential) to 8 (2 commercial /6 residential). 1st floor (commercial units) Unit A – 1444 sqft, Unit B – 902 sqft. 2nd floor: Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. 3rd floor – Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. 4th floor – Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. Seller previously operated their dental practice out of the building, but has relocated the practice and the space is currently vacant. A barbershop currently leases approximately 350 sqft on the first floor at $2035/month TAW. A pizza shop currently leases unit 2 at $6390/month. Current lease term runs through April 30, 2025. The two residential units are leased for $2200/month and $2000/month. Both tenants are TAW.
Facts & Features
| MLS® # | 73142106 |
|---|---|
| Price | $5,250,000 |
| Bathrooms | 0.00 |
| Acres | 0.09 |
| Type | Land |
| Status | Active |
| Taxes | $36,674 |
| Tax Year | 2023 |
Community Information
| Address | 768 - 772 Tremont Street |
|---|---|
| Area | South End |
| City | Boston |
| County | Suffolk |
| State | MA |
| Zip Code | 02118 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Basement | No |
Exterior
| Lot Description | Level, Corner Lot |
|---|
Additional Information
| Zoning | MFR/LS |
|---|---|
| Condo Fees | $0 |
| Electric | On-Site |
| Road Type | Public |
| Water | Public |
| Sewer | Public Sewer |
Listing Details
| Agent | Anthony Bruno |
|---|---|
| Office | Gibson Sotheby's International Realty |
| Buyer Agent Compensation | 2.5 |
| Compensation Based On | Net Sale Price |
| Sub Agency Relationship Offered | No |