12-24 Pine Street

Swampscott, MA, 01907

$1,750,000

$1,750,000
Active
Active
 - For Sale
property_type
Commercial
calendar
Built 1945
12-24 Pine Street is a +/- 15,000sqft Manufacturing Building located less than a half mile from the Swampscott Commuter rail in one direction and a half mile to the beach in the other direction. Current ownership has been granted a special permit to demolish the existing building and construct a new three story building containing 21 residential dwelling units. The new building would contain a parking level on the first floor with 29 garage parking spaces. On the second and third floor(s) the unit mixture is (14) 1 bedroom units, (4) 2 bedroom units, and (3) studio units. Take advantage of this development opportunity that you seldom see in the open marketplace. Property to be sold as is with current decision from the Swampscott zoning board of appeals. Buyer is responsible to obtain full architectural plans & building permit. Phase 1 available upon request.
MLS® ID:
73061324
Listed:
11/28/22
Updated:
3/24/23
Sotheby's International Realty
Kathleen Murphy Group

Exterior/Building Features

Lot Size
0.36 acres lot

Other Property Details

Taxes
$16472
Tax Frequency
per YEAR
Garage
No
Parking
29
Parking Total
29.0
View
N
County
Essex
Utilities
Public Water, Public Sewer, Natural Gas Available
Pool
No
Zoning
B1
Buyer Agency Compensation
2
Transaction Broker Compensation
1

Property History

Date
Event
Price
Value
12/16/22
Price Change
$1,900,000
-13%
1/3/23
Price Change
$1,700,000
-10%
2/7/23
Price Change
$1,750,000
102%

 

Courtesy of Herrick Lutts Realty Partners, Herrick Lutts Realty Partners

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Data last updated 8:36 AM UTC, 3/24/23

Sotheby's International Realty
Kathleen Murphy Group
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