43
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$1,599,900
Est. payment /mo
3,362 SqFt
New
1 Sprague St Revere, MA 02151
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,362 sqft
Price per Sqft $475
MLS Listing ID 73544243
HOA Y/N false
Year Built 1900
Annual Tax Amount $17,306
Tax Year 2025
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Currently a legal 5-unit property listing in RB zoning. Longtime positive cash flow property used for law offices and music school & mixed use. Residential 3+ bedroom unit on 2nd floor. Property also contains drive in commercial garage space with garage doors and access to the 1st floor from inside the garage space. Current rent roll is $7200 a month. Ownership is on site and operating as attorney and law services, with additional rent income producing tenants. Current city zoning is RB which consists of one- and two-family units. Development opportunities to add additional units and levels with waters views is the hidden gem at this location. Special permitting would be required. Ownership is willing to offer help with its legal services of the process to help buyer. MBTA transportation and proximity to revere beach is added benefits. Buyers to do due diligence as best use as to maintain as current 5 unit or special permitting for condos/development in a development friendly town
Location
State MA
County Suffolk
Zoning RB
Direction GPS
Exterior
Utilities Available Public Water, Public Sewer, 220 Volts
Others
Senior Community false
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Listed by Barry Realty Group
NEARBY SCHOOL & BUSINESS
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