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500 Revere St - OLD CHURCH Development an Opportunity

6,144 SF Specialty Building Offered at $3,999,000 in Revere, MA 02151

Churches & Religious Facilities Massachusetts Revere 500 Revere St, Revere, MA 02151

Investment Highlights

  • Only a 5 minute walk to America's first public beach- Revere Beach.
  • 10 minutes to the Boston International Airport.
  • Near by Wonderland MBT Station.
  • Great reuse for Church, Community Center and an advantageous opportunity for re-development to housing!

Executive Summary

Opportunity is knocking - 10,700 sf Church on 20,325 corner lot on road to Revere Beach and near MBTA Wonderland T Station- blue line. Great reuse for Church, Community Center and an advantageous opportunity for re-development to housing. Potential for nice development housing . GB Zoning allows for various uses - all questions to the building dept. It is ideal for investors looking to add income property (units) to their portfolio and be a part of Revere's "booming economy." 5 min walk to America's first public beach-Revere Beach. This is an excellent opportunity for builders/developers to convert to multi-level mid-rise housing. Buyers to do due diligence.

Property Facts

Price $3,999,000 Lot Size 0.43 AC
Price Per SF $651 Building Size 6,144 SF
Sale Type Investment No. Stories 1
Sale Conditions Bulk/Portfolio Sale Year Built/Renovated 1880/2012
Property Type Specialty Tenancy Single
Property Subtype Religious Facility Parking Ratio 4.88/1,000 SF
Building Class C Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $3,999,000
Price Per SF $651
Sale Type Investment
Sale Conditions Bulk/Portfolio Sale
Property Type Specialty
Property Subtype Religious Facility
Building Class C
Lot Size 0.43 AC
Building Size 6,144 SF
No. Stories 1
Year Built/Renovated 1880/2012
Tenancy Single
Parking Ratio 4.88/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number REVE-000010-000185C-000008A Improvements Assessment $2,018,000
Land Assessment $614,200 Total Assessment $2,632,200

PROPERTY TAXES

Parcel Number
REVE-000010-000185C-000008A
Land Assessment
$614,200
Improvements Assessment
$2,018,000
Total Assessment
$2,632,200

zoning

Zoning Code GB, Revere (GB)
GB, Revere (GB)
(781) 219-3200

  • Listing ID: 30701833

  • Date on Market: 1/19/2024

  • Last Updated:

  • Address: 500 Revere St, Revere, MA 02151

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500 Revere St - OLD CHURCH Development an Opportunity
(781) 219-3200 x

500 Revere St - OLD CHURCH Development an Opportunity

Aydin Kayabay

(781) 219-3200

(781) 219-3200

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