63-69 Putnam St, Winthrop $2,250,000
Sale Type: For Sale Ft2: 10,000 Lot Size: 11,346 Ref #: 73531829
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Category: Multi Family Home
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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. All dimensions, square footage, parking spaces and building plans are estimated and should be considered for marketing purposes only. Buyers to do all due diligence as this is a development opportunity.
Details
- Ft2
- 10,000
- Lot Size
- 11,346
- Tax
- $12,674
Listing provided courtesy of The Bill Butler Group, Leading Edge Real Estate
