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419 Lee Burbank Hwy Lot • Terrain commercial • 0,26 Acres • 1 507 000 $ CAD • Revere, MA 02151
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Faits saillants de l'investissement
- Prime corridor with easy access to Route 1A, Route 60, and I-90
- 10 minutes to Logan Airport, 15 minutes to Downtown Boston
- Near Revere Beach, shopping, restaurants, and major employment centers
Résumé de l'annonce
Developers: $55,000 a key great deal! All Approvals. No Delays. 419 Lee Burbank Highway is a ready-to-build 20-unit market-rate project in a booming Revere corridor. Build fast, lease strong, and capture Boston-area demand. Close to the Everett Casino and the new expanding Suffolk Downs development. Large units 800 sqft, all 1 bedroom with an office.
DEVELOPMENT SUMMARY
• Site: Fully approved 20-unit multi-family project with complete architectural drawings by LR Designs Inc.
• Zoning: approved use for multi-family residential development.
• Parking: On-site surface parking per approved plan (see attached schematics).
• Design: Four-story building with 20 large 1-bedroom apartments with large office bedroom layouts, common lobby, and possible rooftop amenity area.
• Transit: Minutes to Logan Airport and Downtown Boston via MBTA Blue Line and Route 1A.
INVESTMENT HIGHLIGHTS
• All Market Rate Units – No affordability restrictions; maximize rental revenue.
• Transit-Oriented Location – High-demand Revere corridor with limited new supply.
• Strong Rents – Revere/East Boston corridor commands robust rents:
• Large 1-Bed w/ bonus large office: $2,400 – $2,800
• *Luxury new construction achieves 10–15% premium over these ranges.*
• Growth Potential – Rents expected to rise 3–5% annually as Revere’s housing market tightens.
• Turn-Key Development – All architectural, civil, and zoning approvals secured and transferable.
DEVELOPMENT SUMMARY
• Site: Fully approved 20-unit multi-family project with complete architectural drawings by LR Designs Inc.
• Zoning: approved use for multi-family residential development.
• Parking: On-site surface parking per approved plan (see attached schematics).
• Design: Four-story building with 20 large 1-bedroom apartments with large office bedroom layouts, common lobby, and possible rooftop amenity area.
• Transit: Minutes to Logan Airport and Downtown Boston via MBTA Blue Line and Route 1A.
INVESTMENT HIGHLIGHTS
• All Market Rate Units – No affordability restrictions; maximize rental revenue.
• Transit-Oriented Location – High-demand Revere corridor with limited new supply.
• Strong Rents – Revere/East Boston corridor commands robust rents:
• Large 1-Bed w/ bonus large office: $2,400 – $2,800
• *Luxury new construction achieves 10–15% premium over these ranges.*
• Growth Potential – Rents expected to rise 3–5% annually as Revere’s housing market tightens.
• Turn-Key Development – All architectural, civil, and zoning approvals secured and transferable.
Faits sur la propriété
| Prix | 1 507 000 $ CAD | Utilisation proposée | Multi-résidentiel |
| Type de vente | Investissement | Taille totale du lot | 0,26 AC |
| Nombre de lots | 1 | Année de construction | 1955 |
| Type de propriété | Terrain | Zone de développement économique |
Oui
|
| Sous-type de propriété | Terrain commercial | ||
| Zonage | RB - approved use for multi-family residential development | ||
| Prix | 1 507 000 $ CAD |
| Type de vente | Investissement |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Terrain commercial |
| Utilisation proposée | Multi-résidentiel |
| Taille totale du lot | 0,26 AC |
| Année de construction | 1955 |
| Zone de développement économique |
Oui |
| Zonage | RB - approved use for multi-family residential development |
1 Lot disponible
Lot
| Prix | 1 507 000 $ CAD | Taille du lot | 0,26 AC |
| Prix par AC | 5 796 153,87 $ CAD |
| Prix | 1 507 000 $ CAD |
| Prix par AC | 5 796 153,87 $ CAD |
| Taille du lot | 0,26 AC |
0.26 AC Lot
Description
419 Lee Burbank Highway offers a ready-to-build opportunity for developers seeking a permitted, market-rate project in a booming corridor minutes from Boston. This is an ideal fit for builders and multifamily investors looking for a shovel-ready asset with strong rental fundamentals and proximity to mass transit and employment hubs.
Moyennement praticable à pied
60/100
Exceptionnellement facile d’accès en voiture
100/100
Bons transports en commun
60/100
Assez praticable en vélo
30/100
Impôts fonciers
| Numéro de lot | REVE-000007-000122B-000002 | Évaluation des bâtiments | 9 474 $ CAD |
| Évaluation du terrain | 1 702 644 $ CAD | Évaluation totale | 1 712 118 $ CAD |
Impôts fonciers
Numéro de lot
REVE-000007-000122B-000002
Évaluation du terrain
1 702 644 $ CAD
Évaluation des bâtiments
9 474 $ CAD
Évaluation totale
1 712 118 $ CAD
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419 Lee Burbank Hwy
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