$3,199,900

Est. Mortgage $15,971/mo *

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27 Nahant Ave, Revere, MA, 02151

27 Nahant Ave, Revere, MA, 02151
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1920

6,988 sqft

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 # 73223413 for additional information regarding 114 Shirley Ave.

Status:

Active

Type:

Commercial

Zoning:

GB

Frontage:

112.00

Parking:

10-car

Acreage:

0.1

Est. Taxes:

$14,973

Utilities

Public Water, Public Sewer, Natural Gas Available

MLS #:

73223415

Buyer Agent Compensation:

2.0

Facilitator Compensation:

1.0

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Lou Markakis, Lynnway Associates Phone: 781-558-8518