For Sale

Listed by The Bill Butler Group from Leading Edge Real Estate

Source: MLS Property Information Network Inc #73531829

63 Putnam Street, Winthrop Town, MA, 02152

$2,250,000

16
14
26
10000 sq. ft.
11346 sq. ft.

Other

30+ days on the market

What's around 63 Putnam Street

About this property

DEVELOPMENT OPPORTUNITY WITH EXISTING MIXED USE PROPERTY GENERATING $71K NET ANNUAL INCOME.++A rare coastal investment and development opportunity in the heart of Winthrop, Massachusetts. The mixed use property currently consists of a cash-flowing four-unit mixed-use building with stable in-place NOI of 71,300, combined with a Board of Appeals–approved plan to construct a new 12-unit building with podium parking beneath — all on one site steps from the harbor and in the middle of a quaint yet thriving downtown Winthrop. 5-10 min commute to Boston Logan Airport, quick access to the MBTA Blue Line and ferry access to downtown Boston. All dimensions, square footage, parking spaces and building plans are estimated and should be considered for marketing purposes only. Buyers to do all due diligence as this is a development opportunity.

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