322 gates avenue

Photo: Corcoran

A 7,500-square-foot lot at 322-324 Gates Avenue is on the market for $4.5 million.

Located on the corner of Bedford Avenue, the site is currently occupied by a one-story warehouse and comes with about 22,500 buildable square feet. The Corcoran listing markets the property as a “perfect opportunity to develop a condominium or rental units in a fast-growing, high-demand neighborhood.” In March, the same building was put on the market as space for rent, asking $19,995 per month.

The development site is a block away from 246 Quincy Street, a three-unit condo project with duplex and triplex residences. The interiors included white oak flooring, stainless steel appliances, in-unit washer/dryer, central heating and air-conditioning, double-height ceilings and private exterior space. Units B and C, both two-bedrooms asking $895,000, are in contract.

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