63-69 Putnam St, Winthrop, MA

$2,250,000

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0.26

Acres

About 63-69 Putnam St

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.

Features of 63-69 Putnam St

MLS® # 73490169
Price $2,250,000
Acres 0.26
Type Land
Status Active

Community Information

Address 63-69 Putnam St
City Winthrop
County Suffolk
State MA
Zip Code 02152-2902

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No

Additional Information

Zoning CBD

Listing Details

Agent The Bill Butler Group
Office Leading Edge Real Estate

Listing Map

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