4507-4525 & 4511-4515 Washington Street, Roslindale, MA

Commercial Property For Sale

EXECUTIVE SUMMARY

128 CRE is pleased to present an exceptional opportunity to acquire five properties located in the highly desirable and historically rich neighborhood of Roslindale, Boston, MA. The offering includes the original “Parkway” properties at 4507-4525 and 4511-4515 Washington Street. Providing an exceptional redevelopment and investment opportunity for investors.

This unique site and parking lot is home to the iconic Pleasant Cafe, which will remain operational, offering an attractive sale/leaseback opportunity. Additionally, the portfolio includes a corner retail space, single- and two-family homes, and a large parking lot across the street, which is ideally situated for a new ground-up multi-family development. The individual parcels are available for purchase either separately or as a package.

The corner building at 4517-4525 Washington Street provides prime retail space with consistent income from multiple tenants, along with flexibility for an owner-occupant to utilize the space. The property at 4511-4515 is an established restaurant and bar, home to the renowned “Pleasant Cafe,” a neighborhood institution since 1937 and featured in numerous motion pictures.

The residential portion includes a single-family home at 4509 Washington Street, a two-family home at 4507 Washington Street, and a residential garage located at 0 Walworth Street. The final asset is a 31,527 square foot outdoor parking lot located directly across from the Cafe, offering ample parking and significant potential for a highly desirable ground-up multi-family development.

Situated in a prime Boston submarket, these properties provide excellent accessibility to major transportation routes, including Route 128/I-95 and Route 1/Washington Street. The Roslindale Village and Bellevue MBTA Needham Line Commuter Rail stations are both located less than a mile away, offering convenient transit options to key destinations throughout Boston and the surrounding suburbs.