123 Terrace St, Boston, MA 02120
123 Terrace St, Boston, MA 02120
123 Terrace St, Boston, MA 02120
123 Terrace St, Boston, MA 02120
123 Terrace St, Boston, MA 02120
123 Terrace St, Boston, MA 02120
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Caitlin Unger

Caitlin Unger

+1(617) 522-2421
$ 3,499,000
Est. payment | /mo

0.72 Acres Lot

Save
$ 3,499,000
Est. payment | /mo
Save

0.72 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

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

LOCATION

123 Terrace St

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Caitlin Unger
Caitlin Unger

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+1(617) 522-2421

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