$2,949,000

About this home

An exceptional opportunity for both end users and investors. This property offers nearly 20,000 square feet of commercial space, attractively priced at under $150 per square foot. Conveniently located just off Moody St and only 0.4 miles from the commuter rail, it provides excellent accessibility. The current owner occupies approximately 2,800 square feet on the top floor and is willing to either vacate or remain, depending on the buyer’s preference. Since acquiring the property in 2016, the seller has invested over $1,000,000 in significant renovations including a new rubber membrane roof. The building features 12 commercial spaces with a strong, stable tenant base, generating an annual income of $345,000 and delivering an approximate 7.6% cap rate. The sale also includes an additional lot that offers ample parking.

Property details

MLS #

73501263

Property type

Home

Year built

1880

Status

Active

Listed by

Boston Realty

Listed 4 days ago

Facts & features

Location