Property Details for 749-759 Dudley St

Year built

1935

Property size

11,300 SF

Property type

Apartment buildings

Description

This exceptional redevelopment opportunity presents a prime investment in Dorchester, MA. The property, located at 749-759 Dudley St and 2 Virginia St, comprises two buildings totaling approximately 11,300 square feet on a 10,000 square foot corner lot. The existing structures, a 6,300 square foot brick building renovated in 1992 and a 5,000 square foot three-story building constructed in 1935, offer significant potential. The site is zoned CG (General Commercial), providing flexibility for redevelopment. Fully approved plans are available for a 49-unit multifamily development, including 48 residential units (with a mix of studio, one-, two-, and three-bedroom units, including six income-restricted units) and 3,263 square feet of ground floor retail space. The project also includes nine parking spaces and 52 bike storage spaces. The property boasts a highly desirable location in the Uphams Corner neighborhood, just 0.2 miles from the Upham's Corner Commuter Rail station (Fairmount Line) and convenient to MBTA bus lines. The current tenant in the Dudley Street building is on a month-to-month lease. This is a rare chance to acquire a fully approved project in a thriving urban location with strong potential for significant returns. The asking price is $3,500,000, representing a price per unit of $71,428. Detailed plans and additional information are available upon request.

Location Insight

City

Boston

County

Suffolk

State

Massachusetts

Longitude

-71.0665

Latitude

42.3177