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1 Sprague St 02151, Revere

$1,599,900

For Sale

3362 SqFt

Size

0

Bedrooms

0

Bathrooms

73544243

Property Id

Property image 1
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Description

Currently a legal 5-unit property listing in RB zoning. Longtime positive cash flow property used for law offices and music school & mixed use. Residential 3+ bedroom unit on 2nd floor. Property also contains drive in commercial garage space with garage doors and access to the 1st floor from inside the garage space. Current rent roll is $7200 a month. Ownership is on site and operating as attorney and law services, with additional rent income producing tenants. Current city zoning is RB which consists of one- and two-family units. Development opportunities to add additional units and levels with waters views is the hidden gem at this location. Special permitting would be required. Ownership is willing to offer help with its legal services of the process to help buyer. MBTA transportation and proximity to revere beach is added benefits. Buyers to do due diligence as best use as to maintain as current 5 unit or special permitting for condos/development in a development friendly town

Address

Address1 Sprague St 02151 Revere, MA
CountryUS
Property Type

Commercial Sale

Property Class

CommercialProperty

Style

Other

Transaction Type

Sale

Year Built

1900

Square Feet

3,362 sqft

Lot Size

6,808 sqft

List Price

$1,599,900

Original Price

$1,599,900

Price per Sqft

$476

Annual Property Taxes

$17,306

Tax Assessment Year

2025

Monthly Tax Estimate

$1,442

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