Active
29-35 Temple Place
Boston MA, 02110
$30,000,000
$1,127.82 per sqft
Active
42 Beds
32 Baths
26,600 sqft
Multi-family
Built in 1895
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.
73296327
MLSⓇ ID
September 30, 2024
Listed
November 21, 2024
Updated
Map
29-35 Temple Place
Boston MA, 02110
Interior Features
Total Stories
18
Bedrooms
42
Total Bathrooms
32
Full Bathrooms
32
Fireplace
Yes
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.11 Acres
Lot Features
Other
Roof
Rubber
Sewer
Public Sewer
Other Property Details
Taxes
$9
Tax Frequency
Annually
Days on Market
4
Garage
No
Parking Total
0
View
No
County
Suffolk
Water Source
Public
Pool
No
Zoning
9
Courtesy of Christopher Sower, Cushman & Wakefield
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Data last updated 11:55 PM UTC, 11/21/2024
