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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29-35 Temple Place
Boston, MA
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