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419 Lee Burbank Hwy 0.26 Acres of Commercial Land Offered at $1,100,000 in Revere, MA 02151
Investment Highlights
- Prime corridor with easy access to Route 1A, Route 60, and I-90
- 10 minutes to Logan Airport, 15 minutes to Downtown Boston
- Near Revere Beach, shopping, restaurants, and major employment centers
Executive Summary
Developers: $55,000 a key great deal! All Approvals. No Delays. 419 Lee Burbank Highway is a ready-to-build 20-unit market-rate project in a booming Revere corridor. Build fast, lease strong, and capture Boston-area demand. Close to the Everett Casino and the new expanding Suffolk Downs development. Large units 800 sqft, all 1 bedroom with an office.
DEVELOPMENT SUMMARY
• Site: Fully approved 20-unit multi-family project with complete architectural drawings by LR Designs Inc.
• Zoning: approved use for multi-family residential development.
• Parking: On-site surface parking per approved plan (see attached schematics).
• Design: Four-story building with 20 large 1-bedroom apartments with large office bedroom layouts, common lobby, and possible rooftop amenity area.
• Transit: Minutes to Logan Airport and Downtown Boston via MBTA Blue Line and Route 1A.
INVESTMENT HIGHLIGHTS
• All Market Rate Units – No affordability restrictions; maximize rental revenue.
• Transit-Oriented Location – High-demand Revere corridor with limited new supply.
• Strong Rents – Revere/East Boston corridor commands robust rents:
• Large 1-Bed w/ bonus large office: $2,400 – $2,800
• *Luxury new construction achieves 10–15% premium over these ranges.*
• Growth Potential – Rents expected to rise 3–5% annually as Revere’s housing market tightens.
• Turn-Key Development – All architectural, civil, and zoning approvals secured and transferable.
DEVELOPMENT SUMMARY
• Site: Fully approved 20-unit multi-family project with complete architectural drawings by LR Designs Inc.
• Zoning: approved use for multi-family residential development.
• Parking: On-site surface parking per approved plan (see attached schematics).
• Design: Four-story building with 20 large 1-bedroom apartments with large office bedroom layouts, common lobby, and possible rooftop amenity area.
• Transit: Minutes to Logan Airport and Downtown Boston via MBTA Blue Line and Route 1A.
INVESTMENT HIGHLIGHTS
• All Market Rate Units – No affordability restrictions; maximize rental revenue.
• Transit-Oriented Location – High-demand Revere corridor with limited new supply.
• Strong Rents – Revere/East Boston corridor commands robust rents:
• Large 1-Bed w/ bonus large office: $2,400 – $2,800
• *Luxury new construction achieves 10–15% premium over these ranges.*
• Growth Potential – Rents expected to rise 3–5% annually as Revere’s housing market tightens.
• Turn-Key Development – All architectural, civil, and zoning approvals secured and transferable.
Property Facts
| Price | $1,100,000 | Proposed Use | Multifamily |
| Sale Type | Investment | Total Lot Size | 0.26 AC |
| No. Lots | 1 | Year Built | 1955 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | RB - approved use for multi-family residential development | ||
| Price | $1,100,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.26 AC |
| Year Built | 1955 |
| Opportunity Zone |
Yes |
| Zoning | RB - approved use for multi-family residential development |
1 Lot Available
Lot
| Price | $1,100,000 | Lot Size | 0.26 AC |
| Price Per AC | $4,230,769.23 |
| Price | $1,100,000 |
| Price Per AC | $4,230,769.23 |
| Lot Size | 0.26 AC |
0.26 AC Lot
Description
419 Lee Burbank Highway offers a ready-to-build opportunity for developers seeking a permitted, market-rate project in a booming corridor minutes from Boston. This is an ideal fit for builders and multifamily investors looking for a shovel-ready asset with strong rental fundamentals and proximity to mass transit and employment hubs.
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | REVE-000007-000122B-000002 | Improvements Assessment | $6,900 |
| Land Assessment | $1,240,000 | Total Assessment | $1,246,900 |
Property Taxes
Parcel Number
REVE-000007-000122B-000002
Land Assessment
$1,240,000
Improvements Assessment
$6,900
Total Assessment
$1,246,900
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419 Lee Burbank Hwy
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