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1 Sprague St
Revere, MA 02151
Office Property For Sale
Investment Highlights
- Prime location minutes from Downtown Boston and Logan International Airport.
- Situated in a dense, growing residential neighborhood with nearby retail and dining.
- Excellent connectivity via U.S. Route 1, Route 60, and the Massachusetts Turnpike.
- Close proximity to the popular Revere Beach waterfront and major employment hubs.
Executive Summary
This property presents a rare opportunity in the vibrant city of Revere, Massachusetts, only minutes from Downtown Boston and Logan International Airport. Located at 1 Sprague Street, the building features over 3,400 square feet of flexible interior space on a 6,969-square-foot lot, ideal for investors or developers exploring adaptive mixed-use or commercial applications (subject to zoning verification). Revere’s thriving residential growth, fueled by proximity to major employers, regional retail, and the popular Revere Beach district, creates a strong demand base that supports a variety of uses.
The property benefits from convenient access to U.S. Route 1 and Interstate 90, providing excellent connectivity to Boston’s core and surrounding markets. Revere’s ongoing waterfront revitalization and robust housing pipeline make this location an appealing long-term hold, while nearby amenities, including schools, restaurants, and public transit, enhance its overall desirability. With a location in one of Greater Boston’s most dynamic communities, this asset offers compelling upside for the right buyer.
The property benefits from convenient access to U.S. Route 1 and Interstate 90, providing excellent connectivity to Boston’s core and surrounding markets. Revere’s ongoing waterfront revitalization and robust housing pipeline make this location an appealing long-term hold, while nearby amenities, including schools, restaurants, and public transit, enhance its overall desirability. With a location in one of Greater Boston’s most dynamic communities, this asset offers compelling upside for the right buyer.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
3,410 SF
Building Class
B
Year Built
1900
Price
$1,599,000
Price Per SF
$468.91
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,705 SF
Building FAR
0.50
Lot Size
0.16 AC
Zoning
RB - Moderate-density residential district
Parking
6 Spaces (1.75 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | REVE-000015-000258-000013 | Improvements Assessment | $517,400 |
| Land Assessment | $441,400 | Total Assessment | $958,800 |
Property Taxes
Parcel Number
REVE-000015-000258-000013
Land Assessment
$441,400
Improvements Assessment
$517,400
Total Assessment
$958,800
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