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    Manufacturing properties

    62 Alford St, Boston, MA 02129

    20,481 SF 0.34 ac lot Built 1910
    Trust Owned 10-yr Hold Free & Clear
    Property ID
    US38-1713070
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1910
    Construction BRICK
    Total area 20,481 SF
    Lot 0.34 ac (14,600 SF)
    Zoning code I
    APN CHAR W:02 P:01838 S:000
    UPID US38-1713070
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $3.32M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.84M
    Owner & transaction history
    Hoyt,charles M III Trust · 10 yrs held
    Hoyt,charles M III Trust
    since 2016
    2 recorded transactions
    2016
    2015
    Zoning & alternative use
    I · Charlestown, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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