Gene Mullen - CENTURY 21 Commonwealth

20 Melrose St, Boston, MA 02116

Back Bay

Commercial

$2,850,000
Price

1
Buildings
Commercial
Type of Comm.
Turn Key NNN ...Bay Village! 5% cap! Loft-like, well-appointed office space distributed over 3 floors with conf room, reception area w/ 11 private offices plus ample storage space. Two deeded parking spaces inc in sale. 2.5 years remaining on lease 2% bumps then full market. Substantial renovations to property's interior as well as roof and AC system. Steps to Back Bay and S End shops and restaurants. Free standing one tenant building on a quiet street. Property is 1 of only a 2 unit condo assoc shared with the building at 39 church. the buildings share a rear egress. The property leasable sf includes an additional approx 1300 sf of common areas w/ 2 sets of bathrooms located on 2 floors shared w/ 39 church and 4002 sf of deeded private office space. Rental bumps yearly. Property is zoned for Residential or Commercial and could be converted back to a single family or multiple apartments down the road and or potential 3rd fl addition Over $160k of the lease is securitized.
Open House
No scheduled Open Houses
Highlights
Area/Village: Back Bay
List Price: $2,850,000
Type: Commercial
Type of Comm.: Commercial
Status: Active
Restrooms: 4
Stories: 3
Buildings: 1
Total Units: 1
Units: 1
Total Sq. Ft.: 5,300
Year Built: 1900
Approx. GLA: 5,300
MLS#: 72405225
 
Exterior
Parking Spaces: 2
Parking Features: Assigned, Paved Driveway
Construction: Brick
Roof Material: Membrane
Site Condition: Improved
Location: Downtown, Historic, Public Transportation
Utilities: Public Water, Public Sewer
Taxes
Short Sale Lender Approval: No
Lender Owned: No
21E On File: No
Assessed Building Value: $823,500
Exchange: No
Taxes: $20,924
Tax Year: 2018
Net Operating Income: $142,500
Book/Page: 0/0
Lease Price Includes: Building
Sublet: No
Special Financing: No
Total Assesed Value: $823,500
Zone Description: Legal Conforming
 
Features
Office Sq. Ft.: 5,300
Office Units: 1
 
Additional
Disclosure Declaration: Yes
Disclosure: Actually private deeded space is 4002 sf includes 50% ownership and leasable additional approx 1300 sf shared common space including 4 restrooms.
For Lease: Yes
Lease Type: Triple Net Lease (NNN)
Space Available: For Sale
Map
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The listing office is Cityscapes International Realty Group and the listing agent is Herb Entwistle. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 10/20/2018 2:35:00 AM.
 
Gene Mullen
Gene Mullen
Realtor
CENTURY 21 Commonwealth