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978-980 Bennington St East Boston, MA 02128

OFF-MARKET Retail space Google Maps
858 SF 0.03 ac lot Built 1920
Individually Owned 21-yr Hold ~ Est. High Equity
Estimated value (blended)
$235k
Range $212k – $259k (±10%)
Property ID US38-0331242

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction FRAME
Total area 858 SF
Lot 0.03 ac (1,475 SF)
Zoning code C
APN EBOS W:01 P:01649 S:001
UPID US38-0331242

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2004
4 recorded transactions
2006
Price N/A
2004
$295,000
2003
Price N/A
2003
$145,000

Zoning & alternative use

C · East Boston, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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