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$ 3,499,000
Est. payment | /mo
0.72 Acres Lot
$ 3,499,000
Est. payment | /mo
0.72 Acres Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 73581870
HOA Y/N false
Year Built 1965
Annual Tax Amount $47,328
Tax Year 2026
Lot Size 0.720 Acres
Acres 0.72
Property Description
Be part of the Terrace St transformation. Approx. 1/4 mile to the Orange Line MBTA stop, almost 500 residential units are in the pipeline on or around the Terrace St corridor. 123 Terrace St is a 31,390 sqft lot with an existing 8500 sqft building and 10 car parking area as well as a 20x40 loading area. With Local Industrial zoning, the possibilities for commercial development are countless; light manufacturing and assembly, r&d offices/labs, wholesale, warehousing, trade shops/school, education, ATM, billiards, studios/galleries, restaurant, retail, kennel, and artist mixed use to name a few, are all Allowable. With a 2.0 FAR and the only restrictions being a 40 ft height and 20 ft setback (see article 59). Building is currently vacant, but existing business Diablo Glass School could be a well known anchor tenant and would like to remain/reopen. There is also strong interest from other potential tenants depending on buyers vision for the site. Ask broker for additional details. For a more experienced developer, the same density of other approved projects on Terrace st would be 130-140 residential units with ZBA variance.
Location
State MA
County Suffolk
Area Mission Hill
Zoning LI
Direction 123 Terrace St, Boston MA 02127
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Roof Type Tar/Gravel
Others
Senior Community false
Listed by Blair Capital, LLC
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