1400 Washington Street: $5.8 mil!
For Sale: 1400 Washington Street (For almost 6 million!)
Jeez, I wonder what’s up with the local fish wrap, that the “iconic” corner building at 1400 Washington is for sale for close to $6 million bucks.
“Landmark corner building prime retail location with ultra high end housing in the immediate area – less than a five minute walk from almost 1000 luxury residences in Hudson Tea, 1450 Washington St. & 1500 Garden St. alone. Building is currently 3 stories with potential expansion for 2 more floors. Possible uses include high end restaurant or boutique fashion store. Square footage of 3000 per floor, plus mezzanine.”
This historic structure is just two floors, and sits on a 3,000 sq. ft. footprint. That’s a lot of money for what would likely require almost the same to build it out another two stories (and completely gut the interior while “preserving” the outside because some control freak at city hall says you have to…)
Not sure why they even include photos – as anyone who buys it doesn’t care about what it is NOW. They want to see blueprints, structural drawings and more.
And I guess in today’s day and age – it’s smart that the fish wrap is getting out of this liability. They’re probably getting closer to being in the red each week!