Redevelopment Opportunity Meridian & Paris Building
Re-Development Opportunity Near Maverick Square East Boston
Marketing description
Prime redevelopment and value-add opportunity in the heart of East Boston at 59–63 Meridian Street, with an additional entrance at 82 Paris Street—steps from Maverick Square and minutes from the sought-after Jeffries Point waterfront. This three-story commercial/mixed-use asset spans approximately 14,000 SF and offers significant upside for developers, investors, and owner-users seeking both in-place revenue and long-term appreciation.
Current ownership has conceptual redevelopment plans already in place, providing a head start for builders and developers ready to move efficiently while retaining flexibility to refine, expand, or reposition the vision. MU-5 zoning allows for a broad range of business uses and supports building heights up to five floors creating potential for residential, residential-over-retail, medical, or creative commercial development.
The property benefits from existing cash flow, including two leased retail storefronts along Meridian Street and a ground-floor leased office suite with a dedicated entrance at 82 Paris Street, helping offset operating costs during the planning phase. The entire second and third floors are vacant, presenting a blank canvas for adaptive reuse, phased redevelopment, or full repositioning. Multiple access points via elevator and stairwell from Paris Street, along with street-level stair access from Meridian Street, provide exceptional flexibility for future layouts and mixed-use configurations.
Located approximately 0.3 miles from the Maverick MBTA Station and moments from the East Boston waterfront, ferry service to Downtown Boston, and major neighborhood amenities, the property is positioned within one of Boston’s most active and rapidly evolving markets. Surrounded by ongoing and planned development, the area continues to demonstrate strong demand, limited inventory, and compelling long-term growth fundamentals.
A rare opportunity to secure zoning flexibility, existing revenue, and substantial redevelopment potential in a proven East Boston corridor. With development momentum accelerating throughout the neighborhood, this asset is well-positioned to deliver strong returns today and meaningful upside tomorrow.
Financial disclosure available upon request.
Investment highlights
Property Highlights
Prime East Boston Location: Positioned at 59–63 Meridian Street with additional access at 82 Paris Street—steps from Maverick Square and minutes to Jeffries Point waterfront, ferry service, and MBTA Blue Line.
Redevelopment & Value-Add Opportunity: ±14,000 SF three-story commercial/mixed-use asset offering strong upside for developers, investors, and owner-users.
MU-5 Zoning Flexibility: Supports a wide range of uses and building heights up to five stories, ideal for residential, residential-over-retail, medical, or creative commercial concepts.
In-Place Income + Upside: Two leased retail storefronts and a leased ground-floor office suite provide current cash flow while upper floors remain vacant for repositioning or redevelopment.
Conceptual Plans in Place: Current ownership has redevelopment concepts ready, allowing buyers to accelerate execution while retaining flexibility to refine or expand the vision.
Multiple Access Points: Elevator and stairwell access from Paris Street plus street-level stair access from Meridian Street enhance layout flexibility and mixed-use potential.
Strong Market Fundamentals: Surrounded by active and planned development in one of Boston’s fastest-evolving neighborhoods with sustained demand and limited inventory.
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