Quincy Residential Lot Sells for $2.5 Million; Approved for 40 Condos
August 30, 2022
A double parcel lot approved for housing in Quincy has sold for $2,500,000. The ~21,000 square foot parcel is located at 129-135 Old Colony Road in Quincy and is currently occupied by a 9,162 square foot masonry industrial building and a two-family home.
The seller has approval in hand for 40 units of housing (expected to be condominiums) including 4 income-restricted to be built on the property. The value is in close proximity to the Wollaston Red Line MBTA station. The seller has owned the land since 1981.