Industrial Land with Existing
123 Terrace St, Boston, MA 02120
For Sale
$3,499,000
Pending
Local Industrial zoning permits a mix of commercial and light-industrial uses.
Property Size1,965 SF
Days on Market46
Property Features for 123 Terrace St
General Information
Standard status
Size
Lease Term
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Blair Capital, LLC
(617) 202-0000
Listed By:
Matthew O Hara
(617) 413-3027
Source:
Iverty
Added: Sep 23
Changed: Nov 6
Last Checked: Nov 6 at 9:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Blair Capital, LLC
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Investment Insights
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This 31,390-square-foot industrial parcel includes an 8,500-square-foot building, a 10-car parking area, and a 20-by-40-foot loading area. The building is vacant. Local Industrial zoning allows uses that include light manufacturing, assembly, research and development offices or labs, warehousing, retail, restaurants, studios, and education. The site has a 2.0 FAR, a 40-foot height limit, and a 20-foot setback requirement under Article 59.
The property is approximately one-quarter mile from an Orange Line MBTA stop. Nearly 500 residential units are in the pipeline on or near the Terrace Street corridor. A residential concept of 130–140 units would require a ZBA variance, according to the property information.
The property is approximately one-quarter mile from an Orange Line MBTA stop. Nearly 500 residential units are in the pipeline on or near the Terrace Street corridor. A residential concept of 130–140 units would require a ZBA variance, according to the property information.
Key Highlights
- 31,390‑square‑foot lot with an 8,500‑square‑foot building
- Local Industrial zoning; 2.0 FAR, 40 ft height limit, and 20 ft setback requirement
- 10‑car parking area and 20x40 loading area
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,105
Businesses Nearby
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Business Placement
Demographics for 02120, MA
17,578
Population
5,061
Households
3.5
Avg Household Size
26
Median Age
44%
College-Educated
78%
High-School Grad
0.6 sq mi
ZIP Area
29,297
Density / Sq Mi
$61,472
Median Household Income
$27,345
Median Earnings
$1,630
Median Rent
$941,200
Median Home Value
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Vacancy Rate% for Industrial in Boston, MA
Frequently Asked Questions
What type of property is this?
Industrial land - Local Industrial zoning permits a mix of commercial and light-industrial uses.
Where is this industrial land located?
The property is located at 123 Terrace St Boston, MA.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: 31,390‑square‑foot lot with an 8,500‑square‑foot building; Local Industrial zoning; 2.0 FAR, 40 ft height limit, and 20 ft setback requirement; 10‑car parking area and 20x40 loading area
