250 Dorchester AveBoston, MA 02127

Property Details for 250 Dorchester Ave

Year built

1960

Construction

BRICK

Lot size

0.19 AC

Property size (Sq ft)

8,462 SF

Zone code

C

Property type

Office buildings

APN

SBOS W:06 P:00203 S:000

APU

SBOSW06P00203S000

Description

This exceptional redevelopment opportunity presents a 8,760 square foot, two-story office building located at 250 Dorchester Avenue in Boston, Massachusetts. Situated on a 0.19-acre lot in the desirable South Boston neighborhood, this property boasts a prime location just steps from the Broadway Red Line MBTA station, providing unparalleled access to public transportation and easy connectivity to downtown Boston. The building, constructed in 1960 and renovated in 2001, is currently zoned C, offering significant flexibility for future development. With its convenient location directly across from major development projects, this property presents a unique chance to capitalize on the area's growth and revitalization. The building's 8,760 square feet are currently utilized as office space, spread across two stories. This presents a blank canvas for a variety of redevelopment projects, catering to the evolving needs of the South Boston market. The 0.19-acre lot size provides ample space for expansion or potential redevelopment into a variety of uses, subject to zoning approvals. Investors seeking a prime location with significant upside potential will find this property highly attractive. The property's proximity to public transportation and major development projects ensures strong future value appreciation. This is a rare opportunity to acquire a well-located asset in a thriving Boston neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,399,021

  6.5%

  $1,291,404

  7%

  $1,199,161

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,105,645

  Geo Method

  $1,105,645

• Alternative Use

  Use

  Valuation

  Residential

  $1,601,341

  Hospitality

  $1,466,820

  Educational

  $1,220,377

  Medical

  $1,262,348

  Retail

  $1,898,364

Location Insight

City

South Boston

County

Suffolk

State

Massachusetts

Latitude

42.3395

Longitude

-71.0568

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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