639-643 Warren St
Dorchester, MA 02121
Grove Hall Assemblage · Land For Sale · 0.75 AC

CALL FOR OFFERS! The new asking price is $36,000 per door... A door equals 1,000 square feet of gross commercial space which should have no reduction for common space since it should be storefront space or 1,000 square feet of gross residential space which, after subtracting 15% for common space, equals, on average, 850 square feet units comprising of, on average, 2 bedrooms and 1 bath. This assemblage of two lots equals 0.75 acres of raw land; it's located in the Grove Hall Neighborhood Subdistrict (NS) of the Roxbury Neighborhood District which is some of the most favorable zoning for developers within the City of Boston. The development may need to go through Boston Design & Planning Agency (BPDA) Large Project Review. Compare to 3200 Washington Street, Jamaica Plain which sold for $38,500 per door in 2014 when it was dirty, unpermitted and contained a large two-story brick building which needed to be torn down. 639 Warren Street, Dorchester is located within a "Qualified, Severely Distressed" New Markets Tax Credit (NMTC) Program census tract but in a "Non-Qualified" Opportunity Zone census tract using the American Community Survey (ACS) Year 2011 - 2015. The census tract number is 25025082000. The "call for offers" deadline is set for November 20th at 6 PM.