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PRIME SOUTH BOSTON OPPORTUNITY

In conjunction with RealINSIGHT Marketplace, CBRE Boston Capital Markets is pleased to present the opportunity to acquire 804 East 7th Street, a tremendous investment for a user or developer looking to reposition the asset located in South Boston across the street from the waterfront. Nestled in between East 6th and East 7th Streets, the property is comprised of a 17,500 square foot lot and existing 28,992 square foot building. The property has been used as an 89-bed nursing and rehabilitation center since the structure was originally built in 1970. Currently vacant, the property is a blank canvas of opportunity. Previously used as a nursing and rehabilitation center, it is in the heart of an upscale residential neighborhood of South Boston.

804 East 7th Street offers a unique redevelopment opportunity in the most dynamic residential market in the City of Boston. Insatiable demand by young professionals for quality housing in “Southie” continues to push market rents higher year after year. A strong combination of retail and restaurant amenities, as well as convenient access to Boston’s major employment hubs has solidified South Boston as the City’s most sought-after neighborhood for young professionals, especially as Southie rents continue to offer a discount to the other core neighborhoods in the city.

 

Investment Highlights

  • Tremendous Opportunity for a User or Developer Looking to Reposition the Asset

  • Dynamic South Boston Market

  • Easy Access to Harbor Walk and Beaches

  • User Opportunity

  • 28,992 SF Building on a 17,500 SF Parcel

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

South Boston Redevelopment Opportunity

804 East 7th Street, Boston, MA 02127

Current Bid:
Starting Bid:

Asset Snapshot

  • Asset Type
  • Real Estate
  • Land Area
  • 0.40 Acres
  • Year Built
  • 1970
  • Number of Buildings
  • 1
  • Occupancy
  • 0%
  • Occupancy as of
  • Jun 01, 2019
  • Multifamily Type
  • Assisted Living
  • Property Size
  • 28,992 Sq Ft
  • Bed Count
  • 89
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lamar P. Fisher

      Fisher Auction Company Inc.

      License: Internet Auctions Exempt per Massachusetts Attorney General Office