Active

New

29-35 Temple Place

Boston MA, 02110

$30,000,000


$1,127.82 per sqft

Active

New

42 Beds

32 Baths

26,600 sqft

Multi-family

Built in 1895

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.

73296327

MLS ID

September 30, 2024

Listed

October 2, 2024

Updated

Map

29-35 Temple Place
Boston MA, 02110

Interior Features

Total Stories

18


Bedrooms

42


Total Bathrooms

32


Full Bathrooms

32


Fireplace

Yes


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.11 Acres


Lot Features

Other


Roof

Rubber


Sewer

Public Sewer

Other Property Details

Taxes

$9


Tax Frequency

Annually


Garage

No


Parking Total

0


View

No


County

Suffolk


Water Source

Public


Pool

No


Zoning

9

 

Courtesy of Christopher Sower, Cushman & Wakefield

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Data last updated 1:06 AM UTC, 10/2/2024

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