55 Bromfield St Boston, MA 02108
- Retail properties
- 3,856 SF
- 0.03 lot acres
Current Use by Public Records
- Erick Gil Carpet Store / Carpet Store
Property Details for 55 Bromfield St
- Year built
- 1910
- Lot size
- 0.03 lot acres
- Property size
- 3,856 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This ±3,856 square foot, two-story building at 55 Bromfield Street in Boston's Downtown Crossing offers a unique redevelopment opportunity. Currently housing a small retail tenant providing short-term income, the property boasts fully approved plans for a four-story mixed-use building. These plans include five residential units and ground-floor commercial space, aligning perfectly with the Midtown Cultural zoning. Situated on a 0.03-acre lot, the 1910-built structure benefits from its central location, providing unmatched access to multiple MBTA lines, a vast array of retail and entertainment options, and a strong employment base. The property presents an exceptional owner-user opportunity or a lucrative redevelopment project in a thriving Boston neighborhood, enhanced by a significant ongoing development pipeline. The building's prime location offers easy access to prestigious universities and major transportation arteries. This is a rare chance to acquire a property with approved plans in a high-demand area, promising substantial returns on investment. The existing structure provides immediate income while the approved plans offer a clear path to a significant increase in value.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.0607
- Latitude
- 42.357
