About 63-69 Putnam St
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.
Features of 63-69 Putnam St
| MLS® # | 73490169 |
|---|---|
| Price | $2,250,000 |
| Acres | 0.26 |
| Type | Land |
| Status | Active |
Community Information
| Address | 63-69 Putnam St |
|---|---|
| City | Winthrop |
| County | Suffolk |
| State | MA |
| Zip Code | 02152-2902 |
Amenities
| Is Waterfront | No |
|---|---|
| Waterfront | Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public) |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Level, Cleared |
|---|
Additional Information
| Zoning | CBD |
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Listing Details
| Agent | The Bill Butler Group |
|---|---|
| Office | Leading Edge Real Estate |