Property Description

WALK TO SULLIVAN SQ ORANGE LINE AND ASSEMBLY ROW...Exceptional investment opportunity w/ up to 12 individual offices for rent. Great investment property with a tremendous upside for possible development potential or restaurant! FUTURE CONDO CONVERSION POSSIBILITIES could include potential mixed use dvlpmnt w/ RETAIL & RESIDENTIAL...FAR of up to 3. Current use is TWO ON STREET RETAIL SPOTS in front w/10 addtnl private individually rented offices thereafter. Total Gross Monthly is $6,500 with a Gross Annual Rent of $78,000 (which does NOT include 2 vacancies). TOTAL PROJECTED RENTS APPROX $8200 monthly. ALL are TAW'S BELOW MARKET. Favorably Zoned as TOD (Transit Oriented Development) Possibly buildable up to 5 stories. Possible federal monies for improvements. SELLER WILL NOT TAKE OFFERS CONTINGENT ON APPROVALS. Listing agent does NOT assume accuracy of the statements made herein and BUYERS MUST DO THEIR OWN DUE DILIGENCE. Property CAN BE DELIVERED VACANT/SHORT TERM OWNER FINANCING

Floor Plans

Size Rooms Bathrooms

Property Details

  • Property Id:72331951
  • Price:$1,249,900
  • Property Type:Commercial Sale
  • Bathrooms Total:
  • Bathrooms Half:
  • Property Lot Size:0.07 acres
  • Land area:230 ft2
  • Year Built:1906
  • Available From:1906
  • Garages:
  • Sold:Yes
  • City:Somerville
  • Parking:No
  • Property Owner:
  • Zip Code: 02143