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500 Revere St

0.43 Acres of Commercial Land Offered at £3,159,250 in Revere, MA 02151

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Investment Highlights

Near by Revere Beach and MBTA Wonderland.
Current improvements include a previously developed lot.

Near the Boston International Airport.
Only a 5 minute walk to America's first public beach- Revere Beach.

Executive Summary

Opportunity is knocking - 10,700 sf Church on 20,325 corner lot on road to Revere Beach and near MBTA Wonderland T Station- blue line. Great reuse for Church, Community Center and an advantageous opportunity for re-development to housing. Potential for nice development housing GB Zoning allows for various uses - all questions to the building dept. 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. Buyers to do due diligence.

Property Facts

Price	£3,159,250	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Commercial
Sale Conditions	Shell & Core	Total Lot Size	0.43 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£3,159,250
Sale Type	Investment or Owner User
Sale Conditions	Shell & Core
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Total Lot Size	0.43 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	£3,159,250	Lot Size	0.43 AC
Price Per AC	£7,347,093

Price	£3,159,250
Price Per AC	£7,347,093
Lot Size	0.43 AC

This 0.43 AC lot in Revere, MA, is priced at $3,999,000.00.

Description

500 Revere St, with GB zoning, offers unique level land in Revere, MA. Questions regarding the GB zoning can go to the building department, as this zoning allows for various uses. The current improvements include a previously developed lot. There is an advantageous opportunity for re-development to housing. This entails a potential for nice development housing at a 0.43 AC lot. With only a 5 minute walk to America's first public beach- Revere Beach, this is an excellent opportunity.

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