27 Nahant Ave Revere, MA ^$ 3,199,900

27 Nahant Ave

^$ 3,199,900

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27 Nahant Ave

Revere, MA, 02151

^$ 3,199,900

Studio Baths5.0 Sq 6,988

Monthly Estimate*

^$ 22,352

27 Nahant Ave, Revere, MA 02151 - Image 1

27 Nahant Ave, Revere, MA 02151 - Image 2

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Studio

Commercial Property for sale in Revere, MA

for $3,199,900 with 5 full baths. This 6,988 square foot building was built in 1920 on a lot size of 0.1.

Unique RE Development Opportunity. Become part of the “Shirley Avenue Resurgence” via this potential “50+ unit new construction development.” Currently, it is a mixed-use bldg consisting of 2 Commercial storefronts with three residential units above. Totally “under-utilized” in its present state, zoning allows for various uses. The location is in a transit-oriented district 2-3 minutes from MBTA Blue Line, connecting to all points. Draft preliminary plans for a 50-unit "transit-oriented development" for serious buyers/investors are on file. Existing business to be sold separately. 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. Two properties as a package total 9798 sq ft. See MLS # for additional information regarding 114 Shirley Ave.

Commercial Active

Price

^$ 3,199,900

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 14,973

Style

Lot Size

0.1

Year Built

1920

Town/City

Revere

County/Region

Suffolk

MLS | Web ID

73223415

List By

Lou Markakis

Listing Agent

Lynnway Associates

Broker

Affordability Calculator

$23,600

Per Month

Monthly Principal & Interest: $22,352
Monthly Property Taxes: $1,248
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Commerical listings in Revere, MA

Average List Price ^$2,349,975

Percent of Sale Price 27%

About Revere, MA

59,502 Population

25% Since 2002

^$56,046 Median Income

39.99 Median Age

25% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
4/12/2024	$3,199,900		Listed Price

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27 Nahant Ave, Revere, MA, 02151 is a Commercial Property for sale at $3,199,900 with 6,988 sqft and a lot size of 0.1. 27 Nahant Ave is a studio with 5.0 baths and was built in 1920. The property's zip code is 02151 which is in Revere, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 5/11/2024.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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27 Nahant Ave

Commercial Property for sale in Revere, MA

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