• $3,499,000List Price
  • 0.72Acreage
  • 1965Year Built

Be part of the Terrace St transformation. Approx. 1/4 mile to the Orange Line MBTA stop, almost 500 residential units are in the pipeline on or around the Terrace St corridor. 123 Terrace St is a 31,390 sqft lot with an existing 8500 sqft building and 10 car parking area as well as a 20x40 loading area. With Local Industrial zoning, the possibilities for commercial development are countless; light manufacturing and assembly, r&d offices/labs, wholesale, warehousing, trade shops/school, education, ATM, billiards, studios/galleries, restaurant, retail, kennel, and artist mixed use to name a few, are all Allowable. With a 2.0 FAR and the only restrictions being a 40 ft height and 20 ft setback (see article 59). Building is currently vacant, but existing business Diablo Glass School could be a well known anchor tenant and would like to remain/reopen. There is also strong interest from other potential tenants depending on buyers vision for the site. Ask broker for additional details. For a more experienced developer, the same density of other approved projects on Terrace st would be 130-140 residential units with ZBA variance.

More Info

Basic Information

  • Mls StatusNew
  • Parcel Number W:10 P:00401 S:000,3397365

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer, Natural Gas Available
  • Year Built1965

Other

  • Date Listed09/23/2026
  • Farm Land Area Units Square Feet

Tax Information

  • Tax Year 2026
  • Taxes$47,328

Location

  • Address123 Terrace Street
  • Building Number123
  • CountySuffolk
  • NeighborhoodMission Hill
  • StateMA
  • StreetTerrace Street
  • SubdivisionMission Hill
  • TownBoston
  • Zip02120

Basic Information

  • List Price$3,499,000
  • MLS Number73581870
  • Modification Date09/23/2026

Property

  • Acreage0.72

Exterior

  • RoofTar/Gravel

Property Information

  • Lot Size Square Feet 31,390
  • Lot Size Units Acres

Map Location

Driving Directions

Listed by Matthew O Hara of Blair Capital,LLC

Mission Hill Boston, MA Demographics

There is no data available

Mission Hill Boston, MA Real Estate Market Data

There is no data available

Mission Hill Boston, MA Schools

School NameDistanceTypeGrades

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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