Northeast Private Client Group is pleased to present the 5 Fremont Street Development located on the corner of Fremont and Pauline Street in Winthrop, MA.
The 5 Fremont Street Development is a mixed use building with approved plans to start construction in 2019. The plans have two (2) office spaces on the ground floor, a conversion to multifamily units on the first floor and a build out for a second floor that will be apartments as well. The apartment mix would be one (1) three bedroom unit, eight (8) two bedroom units, two (2) large one bedroom units and fourteen (14) one bedroom units.
Potential buyer would be able to add another 10 units or a 4th floor according to height regulations of Winthrop through a variance”
The property is located in the center of Winthrop in its quaint downtown area. 5 Fremont Street is located 1.3 miles from the Winthrop Shore Reservation (public beach), 5.7 miles from downtown Boston and 3.5 miles from Logan International Airport. Winthrop is a city located in Suffolk county, Massachusetts. It has a population of about 18,600 with a median household income of $62,997. According to the U.S. Census bureau 42.7% of the city’s residents are renters. The town boasts a 7 mile shoreline that provides views of both the Boston Skyline and the Atlantic ocean.