DEVELOPMENT OPPORTUNITY WITH EXISTING MIXED USE PROPERTY GENERATING $71K NET ANNUAL INCOME. ++A rare coastal investment and development opportunity in the heart of Winthrop, Massachusetts. The mixed use property currently consists of a cash-flowing four-unit mixed-use building with stable in-place NOI of 71,300, combined with a Board of Appeals–approved plan to construct a new 12-unit building with podium parking beneath — all on one site steps from the harbor and in the middle of a quaint yet thriving downtown Winthrop. 5-10 min commute to Boston Logan Airport, quick access to the MBTA Blue Line and ferry access to downtown Boston. All dimensions, square footage, parking spaces
Mixed use property • 12-unit building • Podium parking
COMING SOON
ABOUT THIS HOME
Winthrop, MA Homes for Sale
Brand-new luxury living just steps from Donovan Beach! The Palmyra Street Townhomes are a collection of only two new construction residences that live like single-family homes. Each has its own private 2-car garage, 2–4 additional driveway spaces, an oversized deck, and a private, fenced yard, along with 3 bedrooms, 3.5 baths, and 2,474 sq ft across three finished levels. Engineered hardwood floors run throughout, paired with designer finishes, elevated lighting, Kohler plumbing fixtures, and a thoughtful tile package. The open first floor is made for everyday living and entertaining. It includes a two-tone kitchen with Bosch appliances, a separate dining area, and a stylish half bath