MLS Number 72305961
- Commercial Land
- Year Built 2018
THE $5,000,000 LIST PRICE IS USED AS A PLACEHOLDER ONLY... Want to build a large mixed-use development? This assemblage of two lots equals 0.75 acres of raw land; it's located in the Grove Hall Neighborhood Subdistrict (NS) of the Roxbury Neighborhood District which is some of the most favorable zoning for developers within the City of Boston. The development may need to go through Boston Design & Planning Agency (BPDA) Large Project Review. The seller has repeatedly met with the BPDA and it has provided productive guidance. The asking price is $42,000 per door. A door equals 1,000 square feet of gross commercial space which should have no reduction for common space since it should be storefront space or 1,000 square feet of gross residential space which, subtracting 15% for common space, equals, on average, 850 square feet units comprising 2 bedrooms and 1 bath. There may be a variety of residential units, ranging from studios to 3 bedroom units. The seller may wait for approvals...
Listed by Jonathan Bowen, Hub Edge Realty, LLC