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Executive Summary
Rare redevelopment and value-add opportunity. This 3,360 sq.ft former fast-food retail building presents an excellent repositioning opportunity for investors, developers, or owner-users. The existing structure requires renovation and is well suited for restaurant, retail, or office use. In addition, the property benefits from completed approvals and development proposals for a 24-unit multifamily project, offering significant long-term upside for residential redevelopment. Located in a highly affluent commercial corridor with convenient access to a major highway, the property is surrounded by strong economic drivers including an Amazon distribution center, Chase Bank, and numerous national
and regional food franchises. The combination of redevelopment potential, strong demographics, and proximity to major employers makes this a compelling opportunity for investors seeking long-term growth in a high-demand area.
and regional food franchises. The combination of redevelopment potential, strong demographics, and proximity to major employers makes this a compelling opportunity for investors seeking long-term growth in a high-demand area.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,360 SF
Building Class
C
Year Built
1970
Price
$875,000
Price Per SF
$260.42
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.46 AC
Zoning
BL-1
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WORC-000012-000007-000009 | Improvements Assessment | $308,600 |
| Land Assessment | $318,300 | Total Assessment | $626,900 |
Property Taxes
Parcel Number
WORC-000012-000007-000009
Land Assessment
$318,300
Improvements Assessment
$308,600
Total Assessment
$626,900
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342 W Boylston St
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