Would you pay $40 million for a Parking Lot?

A $40 million parking lot on the corner of Newbury and Dartmouth Streets in Boston has been sold according to this Boston Globe article.
Parking Lot
The sale price values the land at $120 million. Now if you are thinking that your 10,000 sq.ft. lot in Marblehead or Swampscott is worth $28 million…. dream on. Call me only if you want to buy a bridge.

Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205

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