123 Terrace St, Boston, MA 02120
- $3,499,000
- List Price
- $3,499,000
- Status
- NEW
- MLS#
- 73581870
- Lot Size (Acres)
- 0.72
- Year Built
- 1965
Property Description
Be part of the Terrace St transformation. Approx. 1/4 mile to the Orange Line MBTA stop, almost 500 residential units are in the pipeline on or around the Terrace St corridor. 123 Terrace St is a 31,390 sqft lot with an existing 8500 sqft building and 10 car parking area as well as a 20x40 loading area. With Local Industrial zoning, the possibilities for commercial development are countless; light manufacturing and assembly, r&d offices/labs, wholesale, warehousing, trade shops/school, education, ATM, billiards, studios/galleries, restaurant, retail, kennel, and artist mixed use to name a few, are all Allowable. With a 2.0 FAR and the only restrictions being a 40 ft height and 20 ft setback (see article 59). Building is currently vacant, but existing business Diablo Glass School could be a well known anchor tenant and would like to remain/reopen. There is also strong interest from other potential tenants depending on buyers vision for the site. Ask broker for additional details. For a more experienced developer, the same density of other approved projects on Terrace st would be 130-140 residential units with ZBA variance.
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Additional Information
- Area
- Mission Hill
- Taxes
- $47,328
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Listing courtesy of Listing Agent: Matthew O Hara from Listing Office: Blair Capital, LLC.
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