ADDRESS
369 S MAIN STREET
PROVIDENCE, RI 02903
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$30,000,000
17 Days Online
29-35 Temple Place Boston, MA 02110
For Sale|Multi Family|Active
42
Beds
32
Full Baths
0
Partial Baths
26,600
SqFt
$1,128
/SqFt
1895
Built
County:
Suffolk
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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.
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Listing Snapshot
Price
$30,000,000
Days Online
17 Days
Bedrooms
42
Inside Area (SqFt)
26,600 sqft
Total Baths
32
Full Baths
32
Partial Baths
N/A
Lot Size
0.11 Acres
Year Built
1895
MLS® Number
73296327
Status
Active
Property Tax
$9
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 3 weeks ago | Listing first seen online | |
| 3 weeks ago | Listing updated with changes from the MLS® |
General Features
Acres
0.11
Foundation
Concrete PerimeterSlab
Number Of Stories
18
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Total
26600
Water Source
Public
Interior Features
Fireplace
Yes
Fireplaces
18
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Exterior Features
Construction Details
Frame
Lot Features
Other
Roof
Rubber
Listing courtesy of Christopher Sower of Cushman & Wakefield
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.
Data Last Updated at 2024-10-18 12:00 AM UTC
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.
Data Last Updated at 2024-10-18 12:00 AM UTC
Neighborhood & Commute
Source: Walkscore
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