201-207 South St - Office FOR SALE
Boston, MA 02111 |
201-207 South St
Boston, MA 02111
HIGHLIGHTS
- SHOVEL-READY DEVELOPMENT OPPORTUNITY Fully permitted for hotel conversion with no entitlement risk, no union requirements and no mitigation agreements
- BOSTON HOTEL MARKET STRENGTH Boston is one of the highest-performing and most resilient hotel markets in the United States, currently ranked third
- INVALUABLE URBAN LOCATION Steps from diverse demand drivers, including the South Station transit hub plus tourist attractions and employment hubs
- FIRST HOTEL IN THE LEATHER DISTRICT Prime location in a rapidly emerging neighborhood within the high barrier-to-entry Downtown Boston market
- POTENTIAL FOR HISTORIC TAX CREDITS Applications are in process for federal and state credits worth up to 35% of qualified development costs
- REPOSITIONING OF AN EXISTING ASSET Adaptive reuse of a well-maintained brick-and-beam structure minimizes construction risk compared to ground-up
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
STATUS
Converted
BUILDING DETAILS
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
82290
STORIES
6
BUILDING CLASS
A
YEAR BUILT
1915
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.24 AC AC
LAND SF
10,454 SF
ZONING
-
APN/PARCEL ID
CBOS-000000-000003-005348,CBOS-000000-000003-005349
