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    62 Alford St Boston, MA 02129

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    25,000 SF Industrial Building, Boston

    Property size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 25,000-square-foot industrial building in Boston's Charlestown neighborhood presents a compelling investment opportunity. Situated on a 14,700-square-foot lot, this three-story structure, built in 1900, boasts two loading docks and a 24-foot clear height in the warehouse area. The property features industrial-grade utility service and steam boiler heating, making it fully equipped for industrial operations. Its location at the Sullivan Square rotary provides convenient access to major roadways, including Routes 93, 1, and 99 in Everett, as well as the MBTA Orange Line's Sullivan Square station. The property benefits from grandfathered industrial zoning and recently upgraded overlay zoning for redevelopment, enhancing its potential. Its prime location near significant developments, such as Encore Casino and the Hood Park mixed-use/life science development, positions it for substantial future growth. This property offers significant redevelopment potential within a high-growth area, making it an attractive option for industrial end-users or investors seeking a prime location in Charlestown, Massachusetts. The property's address is 62 Alford St, Boston, MA 02129.

    Property Features for 62 Alford St

    General Information

    Property type
    Distribution properties
    Square Feet
    25,000 SF

    Building Details

    Year Built
    1900
    Stories
    3

    HighLights

    • 25,000 SF industrial building in Boston, MA.
    • Excellent access to MBTA Orange Line.
    • Convenient access to Rtes. 93, 1, and 99.
    • Located in a rapidly developing area.
    • Suitable for industrial users; features 24‑foot clear height warehouse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    -71.072942993009
    Latitude
    42.386503606293

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    FAQs

    What type of property is this?
    Distribution property - 25,000 SF Industrial Building, Boston
    Where is this distribution property located?
    The property is located at 62 Alford St Boston, MA.
    What are key features of this property?
    This property features: 25,000 SF industrial building in Boston, MA.; Excellent access to MBTA Orange Line.; Convenient access to Rtes. 93, 1, and 99.
    Request Owner's contact information
    62 Alford St Boston, MA 02129
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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
    62 Alford St Boston, MA 02129
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