DOWNTOWN BOSTON WATERFRONT DEVELOPMENT SITE!


EXECUTIVE SUMMARY

270,000 SQUARE FOOT MIXED USE WATERFRONT DEVELOPMENT SITE

SITE: The property consists of 269,966 square feet, (6.2 acres) of water rights, riparian rights, fee simple land, piers, marinas, structures and permits in the Boston waterfront district one block from historic Faneuil Hall and the financial district. Also inclusive is 5,000 square feet of fee simple land area.

AREA OVERVIEW: Look up at the entire downtown Boston skyline . Look all around at historic Boston Harbor. This is the only location in Downtown Boston that has direct water views and access from a roadway, (Atlantic Avenue).

The waterfront is in an exclusive area of high end residential condominiums.

The eight billion dollar surface artery project abuts the marina and Faneuil Hall. When the artery project is completed the subject property will enjoy a neighboring park. This will only enhance the appeal and accessibility of this great location.

GREATER BOSTON

AREA OVERVIEW: Historic Boston is the Capital of the Commonwealth of Massachusetts and the economic, educational, cultural and transportation center of New England.

Boston, the 20th largest city in the United States, is 46 square miles in area and currently maintains a population of approximately 600,000 residents.

Today, Boston serves as the corporate headquarters to ten Fortune 500 corporations, ranking it eleventh among the nation's top cities. Most recently, Fortune ranked Boston ninth in its annual Best Cities for Business issue, citing the city's transportation network, Grade A research universities and medical centers, sophisticated infrastructure and excellent quality of life. The city acts as the focus of activity of the entire region, serving as the center for medicine, high technology, international banking and finance and other service industries.

CURRENT PROPERTY USE: Marina, Dockominiums

IMPROVEMENTS: The property has significant pier and dockage improvements to facilitate the operation of the existing recent use.

SLIPS EXISTING: There are currently 26 slips on the north side of the site with some of the slips in the center section of the property being in need of repair. On the Southerly side of the site there are 49 wet berths, (eight (8) of which are dockominiums privately owned). The existing slips have approximately 2,800 feet of lineal leasable area.

SLIPS PERMITTED: The site is permitted for 5,000 lineal feet and 83 slips in total. Slips range in size to accommodate boats from 50' to 130'.

ACCESS: Access is provided via easements.

BUILDINGS: There is an existing 12,000 square foot pier footprint where a building did exist at one time. Also inclusive is a 1000+/- square foot outpost building on 5,000 sf of land on the easterly section of the wharf. There is a second 12,000 square foot building for either demolition or rehab.

BUILDING PERMITS: There are permits for a 13,000 square foot two story building with perimeter deck area. Proposed use of this building is for a restaurant, cruise quarters, ship store.

CONTACT: Peckham Boston Advisors for complete details regarding the significant development potential for this exciting site.

PRICE: $6,500,000


Contact Information

John M. "Jack" Peckham III CCIM, CIPS, RECS
Peckham Boston Advisors
(Founded 1963 - Our 47th Year)
Four Longfellow Place, Suite 2003
Boston, MA 02114
Phone 617 523 4441 Ext. 6

Email: info@REOtoCash.com
Web: www.REOtoCash.com

All information is from sources we deem reliable and is submitted subject to errors, omissions, prior sale, lease, withdrawal without notice, or change in price and conditions. While we do not doubt it's accuracy, no representation thereof is made.

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