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You are here:
22 Days on Boston Pads
7 Photos
$3,199,900
Type: Mixed Use
Gross
6988 Bldg. SQFT
5 Restroom
Parking: N/A
27 Nahant Ave
Revere, MA 02151

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 # for additional information regarding 114 Shirley Ave.

Property Overview

Property Details click or tap to expand

Property Information

  • Type: Mixed Use
  • Location: Legal Non-Conforming
  • MLS ID#: 73223415

Financial

  • Gross Annual Expenses: 30256
  • Gross Annual Income: 83400
  • Net Operating Income: 53145
  • Lease Type: Gross

Building Information

  • Total SQFT: 6988
  • Total Restrooms: 5

Construction & Utilities

  • Utilities: Natural Gas, Public Sewer, Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
04/16/2024Active$3,199,900$458MLSPIN
04/12/2024New$3,199,900$458MLSPIN
04/10/2024Expired$3,499,900$501MLSPIN
04/07/2024Active$3,499,900$501MLSPIN
04/03/2024Extended$3,499,900$501MLSPIN
01/14/2024Active$3,499,900$501MLSPIN
12/20/2023New$3,499,900$501MLSPIN

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View Breakdown

Seller's Representative: Lou Markakis, Lynnway Associates
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 1.0
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-04-16 03:05:00