Unit Information
UPDATED ZONING STUDY - 7 units /1 Affordable. Opportunity to acquire MR4 zoned parcel in Magoun Square, less than a ¼ mile from the newly opened Magoun Square GLX station. The 3,173 SF parcel abuts 3/4 of an Acre of MR4 zoned parcels on all sides and currently has a 4,350 SF existing structure generating $4,132/month with leases ending 8/31/24. An initial massing study indicated a 4-story 6,375 SF structure consisting of up to 8 units may be feasible. 359 Lowel Street’s proximity to Magoun Square station is situated within a Transit Zone affording no minimum parking requirements.Existing structure consists of Two Levels, 2,150 SF each. Renovated 2 Bed 2 Bath unit on the top floor and flex/open space on the first floor. Great ceiling height on both floors. Lots of possible options to increase value over the term of ownership. . Seller and Broker make no representations, expressed or implied with respect to the development potential of the property.
- Additional Details
- Status: ACT
- Type: Single Family, Single Family Residence
- Area: Magoun Square
- Zip Code: 02145
- Levels: Multi/Split
- Parking
- Parking: Paved Drive
- Rooms and Dimensions
- Total Rooms: 7
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$1,044,900
- Listing ID: 73291603
- Bedrooms: 2
- Full Baths: 2
- Half Baths: 1
- Living Area: 4,326 sqft Convert
- Lot Size: 3,173 sqft Convert
- Acres: 0.07
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Luxury Residential Group
(617) 233-5800
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