Presenting 29-35 Temple Place (“Temple Place Suites”), which is a 26,600 square foot, 6-story, mixed-use (residential over retail), elevator building, located in the heart of downtown Boston (just feet from Boston Common). Temple Place Suites Suites is designated with a Lodging License for 48 units (although the building is currently configured with only 42), and the current owner operates the residential portion (floors 2 through 6) as short-term, furnished, Airbnb style, rentals. There is a significant Value-Add Opportunity for the next owner to grow revenue by: (i) increasing the room count up to the permitted 48 units (this alone represents a 14.3% increase), (ii) increasing the average unit rental rate which is significantly below market, and (iii) potential additional density increase (current FAR is 8.0). The commercial portion of the building (floors 1 and basement) is fully occupied by one tenant (a micro-brewery, restaurant, and taproom). Apartment furnishings are included.
— MLSPIN #: 73296327Map of 29-35 Temple Place, Boston, MA 02110
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| List Price: | $30,000,000 |
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| Status: | Active |
| MLS ID: | 73296327 |
| Town: | Boston |
| County: | Suffolk |
| Zip: | 02110 |
| Property Type: | Residential Income |
| Property Sub Type: | 5+ Family - Rooming House |
| Bedrooms: | 42 |
| Full Baths: | 32 |
| Living Area: | 26,600 sqft |
| Acres: | 0.11 |
| Taxes: | 9 |
| Lot Features: | Other |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1895 |
| Roof: | Rubber |
| Directions: | Located off Tremont Street in Downtown Crossing |
| Foundation Details: | Concrete Perimeter, Slab |
| Construction Materials: | Frame |
| Listing Contract Date: | 2024-09-30 |
| Fireplace?: | Yes |
| Lot Size Area: | 0.11 |
| Lot Size Square Feet: | 4,578 |
| Fireplaces Total: | 18 |
| Rooms Total: | 42 |
| Bathrooms Total Integer: | 32 |
| Building Area Source: | Public Records |
| Building Area Total: | 26,600 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 42 |
| Parcel Number: | 3367160 |
| Sewer: | Public Sewer |
| Zoning: | 9 |
| Stories Total: | 18 |
| Year Built Source: | Public Records |
| Farm Land Area Units: | Square Feet |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 9 |
| Flrs 2: | 9 |
| Lead Paint: | None |
| Lease 1: | No |
| Lease 2: | No |
| Levels 1: | 9 |
| Levels 2: | 9 |
| Listing Alert: | No |
| List Price Per Sqft: | $1,127.82 |
| Page: | 99 |
| Price Per Sqft: | $1,127.82 |
| Square Feet Incl Base: | No |
| Original List Price: | $30,000,000 |
| Tax Assessed Value: | $9 |
| Tax Year: | 9999 |
| Total Actual Rent: | $19,998 |
| Year Built Details: | Unknown/Mixed |
| Bedrms 1: | 9 |
| Bedrms 2: | 9 |
| F Bths 1: | 9 |
| F Bths 2: | 9 |
| H Bths 1: | 9 |
| H Bths 2: | 9 |
| Rent1: | 9,999 |
| Rent2: | 9,999 |
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on November 23, 2024 06:18 AM
Property Last Updated: October 04, 2024 03:08 AM
Listing Courtesy of: Cushman & Wakefield
Listing Agent: Christopher Sower
617-816-5257
