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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

Tax Information

  • Tax Year 2026
  • Taxes$47,328

Basic Information

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

Location

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

Building

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

Property

  • Acreage0.72

Exterior

  • RoofTar/Gravel

Property Information

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

Other

  • Date Listed09/23/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

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Listed by Matthew O Hara of Blair Capital,LLC

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