63-69 Putnam St, Winthrop $2,250,000
Sale Type: For Sale Lot Size: 11,346 Ref #: 73490169
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Category: Land
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DEVELOPMENT OPPORTUNITY WITH EXISTING MIXED USE PROPERTY GENERATING $71K NET ANNUAL INCOME. A rare coastal investment and development opportunity in the heart of Winthrop, Massachusetts. The mixed use property currently consists of a cash-flowing four-unit mixed-use building with stable in-place NOI of 71,300, combined with a Board of Appeals-approved plan to construct a new 12-unit building with podium parking beneath - all on one site steps from the harbor and in the middle of a quaint yet thriving downtown Winthrop. 5-10 min commute to Boston Logan Airport, quick access to the MBTA Blue Line and ferry access to downtown Boston.
Details
- Lot Size
- 11,346
Listing provided courtesy of The Bill Butler Group, Leading Edge Real Estate
