SQUARE FEET3,362
MLS#73544243
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Currently a legal 5-unit property listing in RB zoning. Longtime positive cash flow property used for law offices and music school & mixed use. Residential 3+ bedroom unit on 2nd floor. Property also contains drive in commercial garage space with garage doors and access to the 1st floor from inside the garage space. Current rent roll is $7200 a month. Ownership is on site and operating as attorney and law services, with additional rent income producing tenants. Current city zoning is RB which consists of one- and two-family units. Development opportunities to add additional units and levels with waters views is the hidden gem at this location. Special permitting would be required. Ownership is willing to offer help with its legal services of the process to help buyer. MBTA transportation and proximity to revere beach is added benefits. Buyers to do due diligence as best use as to maintain as current 5 unit or special permitting for condos/development in a development friendly town
Property Features
Property Type: Commercial - Business
Lot Size: 0.16 Acres
Taxes: $17,306
Year Built: 1900
Feature Descriptions
Building Area Total: 3362
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 21
Parcel Number: M:15 B:258 L:13,1372210
Rental Term: Monthly
Utilities: Public Water, Public Sewer,220 Volts
Listed By / Shown By
Listed By
Agency Name: Barry Realty Group
Agent Name: Peter Castrichini
Agency Phone: 781-246-7535
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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1 Sprague St | MLS# 73544243
This commercial property located at 1 Sprague St, Revere, MA 02151 is currently listed for sale with an asking price of $1,599,900. Search Revere real estate on www.masiellogrouprealestate.com today.