8-12 Hancock St - Restaurant FOR SALE


Dorchester, MA 02125
$600,000 USD
617-894-2266
8-12 Hancock St, Dorchester, MA for Sale
$600,000 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

8-12 Hancock St
Dorchester, MA 02125


HIGHLIGHTS

  • 50,000 daily car traffic
  • Windows
  • Exposed Brick walls

OVERVIEW

Unlock the potential of this prominently located commercial property in the heart of Uphams Corner. Situated at 8–12 Hancock Street, this single-story brick building offers approximately 2,193 square feet of space, presenting a blank canvas for visionary investors and developers. Key Features: • Strategic Location: Nestled at the corner of Hancock Street and Uphams Avenue, the property benefits from high visibility and foot traffic. It’s just steps away from the historic Strand Theatre and is surrounded by a mix of residential and commercial establishments, enhancing its appeal for various business ventures. • Historical Significance: Formerly home to Cataloni’s bar, the building has a rich history within the community. Although it has been vacant since 2010, its storied past adds character and a narrative that can be revitalized through thoughtful redevelopment. • Zoning and Development Potential: Located within a district that has been the focus of revitalization efforts, including the city’s Imagine Boston 2030 plan, the property is well-positioned for redevelopment. The area is earmarked for transformation into an Arts and Innovation district, aiming to boost affordable housing, commerce, and cultural activities. • Community Engagement: Past redevelopment proposals, such as converting the site into a recreational marijuana dispensary, have highlighted the importance of community involvement. Future projects will benefit from proactive engagement with local civic associations to ensure alignment with neighborhood expectations and needs. Investment Highlights: • Versatile Space: The building’s layout and location make it suitable for a range of uses, including retail, dining, cultural centers, or mixed-use developments. • Growth Corridor: Uphams Corner is undergoing significant transformation, with initiatives aimed at enhancing its role as a cultural and economic hub. Investing in this property offers the chance to be part of this dynamic evolution. • Accessibility: The property is easily accessible via major thoroughfares and public transportation, making it convenient for customers and clients.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,210 SF

ZONING

NS

APN/PARCEL ID

DORC-000000-000013-001740

ASK ABOUT THIS PROPERTY

Jeff SimilienThumbprint RealtyMore Info
617-894-2266

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Jeff SimilienThumbprint RealtyMore Info
617-894-2266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.