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    577-579 American Legion Hwy Boston, MA 02131

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    For Sale
    $549,900

    Approved parcel for 9-unit development, shovel-ready for 2025 construction.

    Lot size:
    0.09 Acres

    Property Features for 577-579 American Legion Hwy

    General Information

    Lot size
    0.09 Acres

    Source: Burns Realty & Investments LLC Agent Caroline Costello

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Approved Development Parcel For Sale

    This approved parcel includes fully designed and approved plans for a 9-unit development. The development features 8 studio apartments above a commercial space. A permit will be delivered at closing, making the project shovel-ready with construction slated to begin in 2025. A proposal from a local contractor prepared to build the project is available should buyers be interested.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.1094571
    Latitude
    42.2872199

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    FAQs

    What type of property is this?
    Land - Approved parcel for 9-unit development, shovel-ready for 2025 construction.
    Where is this land located?
    The property is located at 577-579 American Legion Hwy Boston, MA.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: - Approved plans for a 9-unit development (8 studios, 1 commercial space).; - Permit delivered at closing; **shovel-ready for construction.**; - Construction can begin in 2025.
    (508) 505-8749
    Request Owner's contact information
    577-579 American Legion Hwy Boston, MA 02131
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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
    577-579 American Legion Hwy Boston, MA 02131
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