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.
Property Details
Price:
$30,000,000
MLS #:
73296327
Status:
Active
Beds:
42
Baths:
32
Address:
29-35 Temple Place
Type:
Multi Family
Subtype:
5+ Family – Rooming House
City:
Boston
Listed Date:
Sep 30, 2024
State:
MA
Finished Sq Ft:
26,600
Total Sq Ft:
26,600
ZIP:
02110
Lot Size:
4,578 sqft / 0.11 acres (approx)
Year Built:
1895
Units:
42
Schools
Interior
Bathrooms
32 Full Bathrooms
Fireplaces Total
18
Exterior
Construction Materials
Frame
Roof
Rubber
Financial
Tax Year
9999
Taxes
$9
Map
Community
- Address29-35 Temple Place Boston MA
- CityBoston
- CountySuffolk
- Zip Code02110
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Courtesy of Cushman & Wakefield. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
29-35 Temple Place
Boston, MA
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