20 Melrose St,  Boston MA, 02116 (Commercial)

5,300 sqft
Status: Active
MLS#: 72405225
1of
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Last Updated: 3/21/2019 10:51 PM
Description for 20 Melrose St Boston, MA 02116
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 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 has 4002 sf of exclusively deeded private 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.
Price
$2,850,000
Suffolk
5,300 (approx)
72405225
Active
Description
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 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 has 4002 sf of exclusively deeded private 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.
Listing Information
Property Type: General Commercial, 3 Story
5,300 (approx) 3
1 Total
Neighborhood
Room Information
Interior Features
3
Exterior / Lot Features
2 Assigned Parking Space, Paved Driveway
None
Listing Price History

Boston Real Estate

Boston is located in Massachusetts. Boston, Massachusetts 02116 has a population of 667,137.

The median household income in Boston, Massachusetts 02116 is $54,485. The median household income for the surrounding county is $54,169 compared to the national median of $53,482. The median age of people living in Boston 02116 is 31.3 years.

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Courtesy: Cityscapes International Realty Group
This content last refreshed on 3/21/2019 10:51 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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