978-980 Bennington St East Boston, MA 02128
- Retail space
- 858 SF
- 0.03 lot acres
Current Use by Public Records
- Retail space
Property Details for 978-980 Bennington St
- Year built
- 1920
- Construction
- FRAME
- Lot size
- 0.03 lot acres
- Property size
- 858 SF
- Zone code
- C
- Property type
- Retail space
- APN
- EBOS W:01 P:01649 S:001
- APU
- EBOSW01P01649S001
Description
This exceptional 0.03-acre lot at 978-980 Bennington St., Boston, MA 02128, presents a compelling development opportunity in the thriving Orient Heights neighborhood of East Boston. Located just one block from the Orient Heights Train Station, this property is zoned Neighborhood Shopping (NS), offering significant potential for conversion into a mixed-use development. Currently occupied by a two-level business operating as a beauty salon, the property is being sold "As Is" with no warranties or guarantees. The sale includes the existing beauty salon business in its entirety. Prospective buyers are strongly encouraged to conduct thorough due diligence to verify zoning compliance and suitability for their intended use. The asking price for this unique investment opportunity is $849,900. This prime location and flexible zoning make this an ideal investment for developers seeking to capitalize on the area's rapid growth and high demand. Buyers are responsible for verifying all aspects of zoning regulations and permissible uses before making an offer. The property's strategic location and the inclusion of an established business add significant value to this already attractive investment.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $235,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $230,000
- 6.5%
- $215,000
- 7%
- $200,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $163,000
Market price range: $42.2k - $221k
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Location Insight
- Map
- Local Demand
- City
- East Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.0078
- Latitude
- 42.3866
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA