Is it a sign of the times or a crazy rumor? It would not be out of the question that Amrheins owner would put the large chunk of land at the corner of A and West Broadway on the market, right? Many South Boston businesses have gone this way; the property that it sits on is more valuable than the businesses itself. The owner – most of the time close to retirement age – decides to cash it in. But when we got the google alert announcing “Famed Amrheins Restaurant Site Up for Sale; Key Half-Acre Parcel Could Bring Near $20M”we were shocked but not surprised.
So could it be? Could the oldest bar and restaurant in South Boston become a thing of the past? According to the website “therealreporter” it’s on the market and could fetch in the high teens to possibly $20 million. Most likely the entire footprint will be developed into luxury condos. We shall see.
On a side note, this might be the most verbose piece of real estate writing we’ve ever read. Case in point:
Now, the same brokerage shop has been retained to peddle Amrheins in the Seaport’s southern flank, the venerable venue at 80 West Broadway suddenly more prized for its new millennium development potential than a rich and storied history dating to 1890, a legacy sufficient to have the operation deemed South Boston’s oldest bar and restaurant serving generations of Southie denizens.
Yes, they wrote “Seaport’s southern flank.” It’s Southie. Haven’t they heard the old song, “I was born down on A Street, raised up on B Street, Southie is my hometown.”
Image via the Real Reporter