$30,000,000
29-35 Temple Place
Boston, MA, 02110
Presenting 29-35 Temple Place (“Temple Place Suites”), which is a 26,600 square foot, 6-story, mixed-use (residential over retail), elevator building, located in the heart of downtown Boston (just feet from Boston Common). Temple Place Suites Suites is designated with a Lodging License for 48 units (although the building is currently configured with only 42), and the current owner operates the residential portion (floors 2 through 6) as short-term, furnished, Airbnb style, rentals. There is a significant Value-Add Opportunity for the next owner to grow revenue by: (i) increasing the room count up to the permitted 48 units (this alone represents a 14.3% increase), (ii) increasing the average unit rental rate which is significantly below market, and (iii) potential additional density increase (current FAR is 8.0). The commercial portion of the building (floors 1 and basement) is fully occupied by one tenant (a micro-brewery, restaurant, and taproom). Apartment furnishings are included.
Property Details
Price:
$30,000,000
MLS #:
73296327
Status:
Active
Beds:
42
Baths:
32
Address:
29-35 Temple Place
Type:
Multi Family
Subtype:
5+ Family – Rooming House
City:
Boston
Listed Date:
Sep 30, 2024
State:
MA
Finished Sq Ft:
26,600
Total Sq Ft:
26,600
ZIP:
02110
Lot Size:
4,578 sqft / 0.11 acres (approx)
Year Built:
1895
Units:
42
Schools
Interior
Bathrooms
32 Full Bathrooms
Fireplaces Total
18
Exterior
Construction Materials
Frame
Roof
Rubber
Financial
Tax Year
9999
Taxes
$9
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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29-35 Temple Place
Boston, MA
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