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    579 American Legion Hwy Boston, MA 02131

    For Sale
    $3,100,000

    Approved 9-unit development parcel, shovel-ready, construction to begin in 2026.

    Lot size:
    0.09 Acres

    Property Features for 579 American Legion Hwy

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    2026

    Source: Burns Realty & Investments LLC Agent Adam Burns

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

    Overview

    Approved Development Parcel For Sale

    This approved parcel comes with fully designed and approved plans for a 9-unit development, featuring 8 studio apartments above a commercial space. The project will be shovel-ready with a permit delivered at closing, and construction is set to begin in 2026. Multi-family development is planned to be built in 2026 by the seller for the advertised price, including land and all hard costs of construction. A proposal is available from a local contractor who is prepared to build the project.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.10958
    Latitude
    42.28629

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    FAQs

    What type of property is this?
    Commercial land - Approved 9-unit development parcel, shovel-ready, construction to begin in 2026.
    Where is this commercial land located?
    The property is located at 579 American Legion Hwy Boston, MA.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: - Shovel-ready 9-unit development project with permit delivered at closing.; - Fully designed and approved plans included for **8 studio apartments and a commercial space.**; - Construction set to begin in 2026.
    (617) 564-1167
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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
    579 American Legion Hwy Boston, MA 02131
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