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    120 Shirley St Winthrop, MA 02152

    Sponsored
    For Sale
    $5,000,000

    Prime Winthrop location, multi-use potential.

    Property size:
    5,732 SF

    Description

    Added:
    Dec 26, 2024
    Days on Market:
    378
    This exceptional redevelopment opportunity encompasses two Winthrop, MA properties at 120 Shirley St & 8 Crescent St, totaling 24,551 square feet (lot size not specified in acres). Located in the desirable Business District A zoning, this site presents a unique chance for various developments, including market-rate apartments, assisted living facilities, 55+ condominiums, or an owner-user operation such as an auto repair facility. The properties, owned by the same entity since 1993, offer significant potential for investors seeking a prime location. Situated at the corner of Shirley St and Veterans Rd, the site enjoys convenient proximity to Winthrop High School (0.1 miles), Winthrop Beach (0.3 miles), and Winthrop Country Club (0.3 miles). Its strategic location, just 6.1 miles from downtown Boston and 1.6 miles from the East Boston Orient Heights Blue Line Station, provides excellent access to the city and public transportation. The sale includes both parcels, presenting a substantial development opportunity in a thriving community with a population of 17,769. Further details are available upon request.

    Property Features for 120 Shirley St

    General Information

    Sale Condition
    redevelopment-project
    Property type
    Industrial land
    Investment Type
    redevelopment
    Square Feet
    5,732 SF
    Price / Square Foot
    $872
    Class
    A
    Elevators
    N/A

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 5‑million dollar redevelopment project in Winthrop, MA.
    • Located in Business District A zoning, ideal for multifamily development.
    • 0.1 miles from Winthrop High School; close to beach and country club.
    Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winthrop
    State
    Massachusetts
    Longitude
    -71.074995
    Latitude
    42.330963

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    FAQs

    What type of property is this?
    Industrial land - Prime Winthrop location, multi-use potential.
    Where is this industrial land located?
    The property is located at 120 Shirley St Winthrop, MA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 5-million dollar redevelopment project in Winthrop, MA.; Located in Business District A zoning, ideal for multifamily development.; 0.1 miles from Winthrop High School; close to beach and country club.
    (781) 334-8044
    Request Owner's contact information
    120 Shirley St Winthrop, MA 02152
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    Winthrop, MA 02152
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Shirley St Winthrop, MA 02152
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