63-69 Putnam St, Winthrop, MA 02152
63-69 Putnam St, Winthrop, MA 02152
63-69 Putnam St, Winthrop, MA 02152
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$2,250,000
Est. payment /mo
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0.26 Acres Lot
Price Dropped by $210K

63-69 Putnam St Winthrop, MA 02152

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Molly Smith

Molly Smith

+1(508) 980-9042

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 73490169

HOA Y/N false

Annual Tax Amount $12,674

Tax Year 2025

Lot Size 0.260 Acres

Acres 0.26

Property Description

DEVELOPMENT OPPORTUNITY WITH EXISTING MIXED USE PROPERTY GENERATING $71K NET ANNUAL INCOME. A rare coastal investment and development opportunity in the heart of Winthrop, Massachusetts. The mixed use property currently consists of a cash-flowing four-unit mixed-use building with stable in-place NOI of 71,300, combined with a Board of Appeals–approved plan to construct a new 12-unit building with podium parking beneath — all on one site steps from the harbor and in the middle of a quaint yet thriving downtown Winthrop. 5-10 min commute to Boston Logan Airport, quick access to the MBTA Blue Line and ferry access to downtown Boston.

Location

State MA

County Suffolk

Zoning CBD

Direction In between Jefferson and Buchanon St.

Exterior

Community Features Public Transportation, Shopping, Walk/Jog Trails, Bike Path, House of Worship, Public School, T-Station

Waterfront Description Ocean,3/10 to 1/2 Mile To Beach,Beach Ownership(Public)

View Y/N Yes

View City

Building

Lot Description Level, Cleared

Sewer Public Sewer

Water Public, On-Site

Others

Senior Community false

Listed by Leading Edge Real Estate

NEARBY SCHOOL & BUSINESS

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Molly Smith

Molly Smith

Agent

+1(508) 980-9042

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63-69 Putnam St

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