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Development Opportunity in Allston

556 Cambridge Street + 32 Gordon Street Package | $3,750,000

$3,750,000

556 Cambridge Street

8,172 Sq.Ft.

Description

Put your money to work and build this fully approved two parcel, 20 unit project in a convenient Allston location. The package comprises 556 Cambridge Street, an existing 2 story office building together w/plans to replace it with a four story, 14 unit residential building. The second part of the package is an abutting 3 family at 32 Gordon Street, together w/plans to convert it to a 6 family via a gut rehab + the addition of roof dormers. The 556 Cambridge Street property is being permitted as a condominium project w/11 market rate and 3 affordable units and a mix that includes (1) 2 bed/2 bath, (7) 1 beds + (6) studios. The 32 Gordon Street property can be developed for sale or rent and once complete will comprise (2) 1 beds, (3) 2 bed/2 bath + (1) 3 bed/2 bath units, all market rate. This is your opportunity to transform this little corner of Boston into something outstanding! Can be delivered permit ready to issue. Group showings Friday 4/10 and Sunday 4/12 from 12-1:30.

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Location

556 Cambridge Street, Allston 02134

Status

For Sale

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Scott Johnson

EM

Scott Johnson

Managing Partner/REALTOR®

He is the person to talk to about investments and new developments in Boston.

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Jason Manganello

EM

Jason Manganello

Associate Partner/REALTOR®

Serving on the boards of several not-for-profits and having founded a fundraising organization The Ninety Norfolk Group.

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