Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

29-35 Temple Place

Boston, MA ID #73296327

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29-35 Temple Place

- Boston, MA ID #73296327

Property Description

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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, 5+ Family - Rooming House
  • Zip Code: 02110
  • Taxes: 9
  • Living Levels: 18
  • Acres: 0.11

Rooms/Dimensions

  • Total Units: 42
  • Total Floors: 18
  • Total Rooms: 42

Location

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Content © 2024 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Christopher Sower of Cushman & Wakefield. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.