35 Crest Ave - 31-35 Crest Ave 0.1 Acres of Commercial Land Offered at $1,500,000 in Winthrop, MA 02152

Fully occupied mixed-use investment property on an active commercial corridor in Winthrop, MA. The building contains two commercial storefronts and two one-bedroom apartments, providing stable in-place income. Located in a supply-constrained coastal market. The property benefits from strong visibility, steady local foot traffic, and close proximity to Winthrop Beach. A municipal parking lot with 66 spaces is located directly across the street, supporting both commercial and residential use. Owner-occupied unit not included in current income. IN-PLACE INCOME (CURRENT): – Restaurant tenant (long-term, invested in space) – Dog grooming studio (tenant in place; no long-term lease) – One leased residential one-bedroom apartment – One owner-occupied unit (not included in income) – Gross income: $6,150/month ($73,800/year) – Net operating income: approximately $40,800/year based on current rents 2026 rents have increased; current in-place gross income is $73,800 annually. Expenses shown reflect 2025 actuals. Additional financial details available through LoopNet registration or upon request. TENANCY: All units are occupied with no long-term leases in place. Tenants are at-will, providing flexibility for future ownership. Owner-occupied unit can be delivered vacant at closing. PROPERTY DETAILS: – Approx. 4,402 SF gross building area (appraiser measured) – Lot size: 4,410 SF – Zoning: Business A – Built circa 1920 with updates over time – Full basement for storage and utilities – All utilities connected: gas, electric, water, sewer LOCATION ADVANTAGES: – Mid-block position on active commercial corridor (Route 145) – 66-space municipal parking lot directly across street – Quarter-mile to Winthrop Beach – Surrounded by established local businesses and services Buyer to perform their own due diligence regarding any future use or modifications. Environmental surface remediation clearance pending from MassDEP. Contact Peter Calakoutis directly: (781) 254-3623 | calakoutis@gmail.com