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$ 3,200,000
$ 3,199,900
Est. payment /mo
Sold on 04/10/2025
27 Nahant Ave Revere, MA 02151
6,988 SqFt
UPDATED:
Key Details
Sold Price $3,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,988 sqft
Price per Sqft $457
MLS Listing ID 73223415
Sold Date 04/10/25
HOA Y/N false
Year Built 1920
Annual Tax Amount $14,973
Tax Year 2023
Lot Size 4,356 Sqft
Acres 0.1
Property Description
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.
Location
State MA
County Suffolk
Zoning GB
Direction VFW Pkwy to Shirley Ave.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Roof Type Rubber
Total Parking Spaces 10
Others
Senior Community false
Listed by Lynnway Associates
Bought with Joseph Trichilo • Sciaraffa Real Estate, LLC
Bought with Joseph Trichilo • Sciaraffa Real Estate, LLC