This piece of property located on West 9th in Southie could be yours for $2.1M! But there’s a catch – it’s a tear-down property! For developers, however, it’s a dream due to the fact it sits on top of an oversized lot – roughly 4000 square feet. Just think of those condos that could be squeezed into the space! Axios reported on this property in Monday’s newsletter.
The West 9th Street home has been on the market for 475 days – which makes us believe that maybe $2.1M is too much even for developers….or maybe not.
This tear-down property located on L Street was on the market for over $2M in Southie, but it sold….for way above asking…$3,333,333!
Bottom line – property in South Boston is very, very valuable whether it’s brand new or a tear-down.
Here’s the officially listing for the West 9th Street Property:
Attention builders & investors. New price. Just in time to build for the post pandemic era. This tear down SF sits on an oversized lot in South Boston, approximately 3951SF, and is conveniently located near the T, Carson Beach and all of the great shops and restaurants that Southie has to offer. Property includes curb cut and driveway. Zoning subdistrict MFR multi family residential. Buyers to perform all due diligence. This property is selling “As Is”. Please do not walk the property or disturb the tenant
In other real estate news, the Cumberland Farms building has sold.