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$1,550,000
Est. payment /mo
3,465 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,465 sqft
Price per Sqft $447
MLS Listing ID 73414217
HOA Y/N false
Year Built 1925
Annual Tax Amount $13,471
Tax Year 2025
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Fantastic investment opportunity ideally located on busy Washington Street in Dorchester. This 3,465 sqft commercial building sits on an 8,752 sqft lot of land and features ample on-site parking behind the building. The building consists of two commercial spaces currently leased to a liquor store and a pizza shop. Each commercial space also features a full basement. The liquor store lease runs through 11/30/2033 with rent increases every two years. Current liquor store rent is $6,600/month and increases to $6,900/month on 12/1/2025. The pizza shop is tenant at will and currently pays $2,100/month, which will increase to $2,200/month on 10/1/2025. Gross income of $109,200 is based on combined rents as of 12/1/2025. Roof approximately 12 years old. Large 8,752 sqft lot of land could offer future redevelopment potential. Seller and seller's agent make no representations as to the potential development of the site. Buyer and/or buyer's agent to conduct their own due diligence.
Location
State MA
County Suffolk
Area Dorchester
Zoning C
Direction Washington Street between Fairmount and Fuller.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Total Parking Spaces 10
Others
Senior Community false
Virtual Tour https://clients.remarkvisions.com/859-863-washington-st-boston-ma-02124-usa/u
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Listed by Gibson Sotheby's International Realty
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