95 Terrace Hall AveBurlington, MA 01803

  • Office properties
  • 6,500 SF
For Sale
$2,250,000 View listing

Property Details for 95 Terrace Hall Ave

Year built
1960
Construction
STEEL FRAME
Lot size
0.25 AC
Property size (Sq ft)
6,500 SF
Zone code
IG
Property type
Office properties
Property subtype
Office buildings
APN
BURL M:000033 P:000077
APU
BURLM000033P000077

Description

This exceptional commercial property, located at 95 Terrace Hall Avenue in Burlington, Massachusetts, presents a unique opportunity for developers and investors. The 0.25-acre lot offers significant potential for a variety of commercial ventures. Its strategic location within Burlington provides easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. The property's zoning regulations should be independently verified to determine allowable uses. The asking price is $1. This represents a compelling investment opportunity given the property's size and location in a thriving market. Serious inquiries are encouraged to explore the possibilities this land parcel offers. Due diligence is recommended to confirm all aspects of the property, including but not limited to zoning, utilities, and environmental conditions. The absence of a listed square footage indicates the land is primarily undeveloped, offering a blank canvas for a custom-designed commercial project. Prospective buyers are advised to conduct thorough site inspections and engage appropriate professionals to assess the feasibility of their intended development plans. This property is being sold "as is."

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,074,644
    6.5%
    $991,979
    7%
    $921,124
  • Comparable approach

    Method
    Valuation
    Relative Method
    $849,290
    Geo Method
    $849,290
  • Alternative Use

    Use
    Valuation
    Residential
    $1,230,054
    Hospitality
    $1,126,723
    Educational
    $937,420
    Medical
    $969,660
    Retail
    $1,458,210
95 Terrace Hall Ave, Burlington, Massachusetts

Location Insight

City
Burlington
County
Middlesex
State
Massachusetts
Latitude
42.4967
Longitude
-71.2244
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$15,876
$257,700
$357,400
$615,100
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-
-
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FAQs

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