556 Cambridge Street Boston, MA 02134

This offering presents the opportunity to acquire 556 Cambridge Street, an existing office building, and 32 Gordon Street, an existing three-family residence, situated on contiguous lots. Included are approved plans to demolish the office building and construct a four-story, 14-unit residential building. Separately approved plans are in place to convert the three-family dwelling into a six-family building through a comprehensive renovation, basement expansion, and the addition of roof dormers. The 556 Cambridge Street property is permitted as a condominium project featuring 11 market-rate units and three affordable units, comprising one two-bedroom, two-bathroom unit, seven one-bedroom units, and six studios. The 32 Gordon Street property is designed for development for sale or rent, with plans for two one-bedroom units, three two-bedroom, two-bathroom units, and one three-bedroom, two-bathroom unit, all at market rates. The existing commercial building has short-term tenants, while the three-family residence has longer-term tenants. The properties, totaling 17410 square feet, are sold as a package with building permits ready to be issued, offering the potential to transform this corner of Allston into 20 new residential units.