1723-1729 Centre Street

Boston, MA, 02132

$2,495,000

$468 per ft²
$2,495,000
$468 per ft²
Under Contract
Under Contract
 - For Sale
carpenters-square
5,325 ft²
property_type
Commercial
calendar
Built 1930
An amazing investment opportunity with tremendous development upside! Located on over 23,000 sq/ft in the heart of West Roxbury, this handsome 1930's brick retail strip mall contains 4 retail spaces in a 5,325 sq/ft building. Tenants include a pet groomer/kennel, two restaurants and a beauty salon. All businesses are on fixed term NNN leases w/the tenants responsible for property taxes, water/sewer, insurance + normal operating expenses. Gross rent eclipses $162,000 annually! With operating expenses reimbursed by the tenants, this is an incredible cash flow opportunity. On the development side, the property is located in the desirable Neighborhood Shopping (NS) zoning district which allows for buildings with a floor-to-area ratio of 2.0, 35' of building height and residential multifamily as an allowed use given parking. This lends itself to numerous options to expand or build new. A rare offering in an absolutely top notch location, just .2 miles from the Bellevue Commuter rail stop.
MLS® ID:
73056962
Listed:
11/8/22
Updated:
11/27/22
Coldwell Banker Global Luxury
Todd Glaskin Resl Estate

Exterior/Building Features

Lot Size
0.53 acres lot
Roof
Rubber

Other Property Details

Area Name
West Roxbury
Taxes
$35863
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Suffolk
Utilities
Public Water, Public Sewer
Pool
No
Zoning
NS

Property History

Date
Event
Price
Value
11/15/22
Under Contract
-
-

 

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Data last updated 4:01 PM UTC, 11/27/22

Coldwell Banker Global Luxury
Todd Glaskin Resl Estate
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