Holy Moly: $2.1 M for a tear-down property in South Boston

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. 

 

2 Comments

  1. Dawn G October 6, 2022 at 5:21 pm - Reply

    I am beyond flabbergasted; at the listing price, I have walked by that home most of my life. The picture does not do justice to the home. It is adorable and quaint yet needs exterior restored. I heard it was going on the market but for that price? I hope a family buys it and not a developer, we are losing our originality that made Southie a unique cozy town.

  2. Joe cook October 7, 2022 at 3:12 pm - Reply

    Why is it that you promote more development on this page ? Because it’s easy news ? Why don’t you promote all the good that this town still has to offer ., along with the good people who are still involved and still take pride unlike the yups who are self consumed in their individual lives . The politicians have given themselves a raise as to say like the developers “we have the right “!! Now they have to change the voting districts because we all know the yups still vote in the towns they came from prior to college .People get your heads out of the sand and voice your concern .Do you not have an ounce of self preservation or do just not care !WTF I’m holding the high grounds on the heights and I’m not leaving .

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