About 29-35 Temple Place
Presenting 29-35 Temple Place (“Temple Place Suites”), which is a 26,600 square foot, 6-story, mixed-use (residential over retail), elevator building, located in the heart of downtown Boston (just feet from Boston Common). Temple Place Suites Suites is designated with a Lodging License for 48 units (although the building is currently configured with only 42), and the current owner operates the residential portion (floors 2 through 6) as short-term, furnished, Airbnb style, rentals. There is a significant Value-Add Opportunity for the next owner to grow revenue by: (i) increasing the room count up to the permitted 48 units (this alone represents a 14.3% increase), (ii) increasing the average unit rental rate which is significantly below market, and (iii) potential additional density increase (current FAR is 8.0). The commercial portion of the building (floors 1 and basement) is fully occupied by one tenant (a micro-brewery, restaurant, and taproom). Apartment furnishings are included.
Features of 29-35 Temple Place
| MLS® # | 73296327 |
|---|---|
| Price | $30,000,000 |
| Bedrooms | 42 |
| Bathrooms | 32.00 |
| Full Baths | 32 |
| Square Footage | 26,600 |
| Acres | 0.11 |
| Year Built | 1895 |
| Type | Residential Income |
| Sub-Type | 5+ Family - Rooming House |
| Status | Active |
Community Information
| Address | 29-35 Temple Place |
|---|---|
| City | Boston |
| County | Suffolk |
| State | MA |
| Zip Code | 02110 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | Yes |
|---|---|
| # of Stories | 18 |
Additional Information
| Zoning | 9 |
|---|
Listing Details
| Agent | Christopher Sower |
|---|---|
| Office | Cushman & Wakefield |