27 Nahant Ave Revere MA 02151 MLS #73223415

27 Nahant Ave
Revere, MA, 02151
$3,199,900
Beds
5 Baths
6,988 SqFt
0.1 Acres
$3,199,900
27 Nahant Ave
Revere, MA, 02151
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.

Property Details

Price:
$3,199,900
MLS #:
73223415
Status:
Pending
Beds:
0
Baths:
5
Address:
27 Nahant Ave
Type:
Commercial
City:
Revere
Listed Date:
Apr 12, 2024
State:
MA
Finished Sq Ft:
6,988
Total Sq Ft:
6,988
ZIP:
02151
Lot Size:
4,299 sqft / 0.10 acres (approx)
Year Built:
1920

Schools

Interior

Exterior

Parking Spots
10
Roof
Rubber

Financial

Net Operating Income
$53,145
Tax Year
2023
Taxes
$14,973
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

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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27 Nahant Ave
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