An office property at 85 Devonshire Street in Boston's Financial District heads to auction starting June 15 with a $3 million starting bid and approved plans for 95 residential units.
A 91,506-square-foot office asset located at 85 Devonshire Street in Boston's central business district is set for auction between June 15 and June 17. The property, which spans three interconnected historic buildings at 85 Devonshire and portions of 258 and 262 Washington Street, is currently fully vacant. It is being marketed by CBRE in partnership with Apex Commercial Exchange with an opening bid of $3 million.
The site benefits from pre-existing entitlements, having received approval from the Boston Planning & Development Agency in April 2024 and the Zoning Board of Appeal in August 2024 to convert floors two through eleven into 95 residential units. Originally built between 1901 and 1920 and renovated in 2015, the asset offers investors the potential to pursue the approved residential conversion or alternative repositioning strategies in a transit-oriented location near major subway lines and commuter rail hubs.
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