Viewing a single comment thread. View all comments

oneMadRssn t1_jdxdnsh wrote

Reply to comment by lurker_registered in Waiting for the other shoe to drop in Saugus by lurker_registered

Reminds me of 243 Purchase St in Boston. Absolutely prime real estate. My understanding is the owners have an over-inflated view of what it's worth, and are just sitting on it waiting to for a sucker to buy it.

5

hce692 t1_je07596 wrote

aaah I’ve always wondered about that. It’s got almost no foot traffic and literally looks down into a highway off ramp. Not exactly an easy sell at a high price

1

oneMadRssn t1_je0cu99 wrote

The bigger problem is that it's very narrow. Tall buildings need multiple sets of stairs and elevators and all. After accounting for all that, you end up with barely any usable floor square footage. And there is no market for a small 4-story building there. They're stuck.

1