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201-207 South St
Boston, MA 02111
Office Property For Sale
Investment Highlights
- SHOVEL-READY DEVELOPMENT OPPORTUNITY Fully permitted for hotel conversion with no entitlement risk, no union requirements and no mitigation agreements
- INVALUABLE URBAN LOCATION Steps from diverse demand drivers, including the South Station transit hub plus tourist attractions and employment hubs
- POTENTIAL FOR HISTORIC TAX CREDITS Applications are in process for federal and state credits worth up to 35% of qualified development costs
- BOSTON HOTEL MARKET STRENGTH Boston is one of the highest-performing and most resilient hotel markets in the United States, currently ranked third
- FIRST HOTEL IN THE LEATHER DISTRICT Prime location in a rapidly emerging neighborhood within the high barrier-to-entry Downtown Boston market
- REPOSITIONING OF AN EXISTING ASSET Adaptive reuse of a well-maintained brick-and-beam structure minimizes construction risk compared to ground-up
Property Facts
Property Type
Office
Building Size
82,290 SF
Building Class
A
Year Built/Renovated
1915/1981
Tenancy
Single
Building Height
6 Stories
Typical Floor Size
13,715 SF
Slab To Slab
13’
Building FAR
7.87
Lot Size
0.24 AC
Zoning
M-8
Amenities
- Bus Line
- Commuter Rail
- Metro/Subway
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $9,425,500 | |
| Land Assessment | $5,998,200 | Total Assessment | $15,423,700 |
Property Taxes
Parcel Numbers
Land Assessment
$5,998,200
Improvements Assessment
$9,425,500
Total Assessment
$15,423,700
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