Portfolio Sale- Two Office/ Retail Buildings with I-495 Access
Office
for Sale
| Catylist Listing ID: |
30850259 |
| Property Subtypes: |
Medical, Office Building
|
| Building Size (RSF): |
13,949 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.70 SF
|
| Sale Price: |
$3,200,000 |
| Unit Price: |
$229.41 PSF |
| Property Use Type: |
Investment |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/6/2024 |
Overview / Comments
Portfolio Sale. Two Office/ Retail Commercial Buildings on 1.7 acres at the busy lighted intersection of Route 226 & Route 119. Opportunity to acquire solid investment properties with upside, or you may choose to redevelop this high-traffic (15,547+ vehicles per day) site. 9 spaces total in the two buildings, 6 offices in the front building and 3 retail spaces or offices in the back building. Both buildings are connected to town water and sewer and are fully ADA-compliant.
Ideally situated for retail, food services, medical, dental, and other professional uses. The large parking lot accommodates 80 vehicles. Both buildings are serviced by oil heat, full AC, and elevator service to the second floor. B-1 General Commercial zoning is flexible and allows many uses by right, special permit, or Planning Board approval.
All information was provided by the owner and public records, potential buyers are encouraged to perform due diligence in all aspects of their contemplated acquisition.
|
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Middlesex |
| Tax ID/APN: |
133/11/0 |
| Zoning: |
B1 |
| Property Located Between: |
Intersection of Route 226 & Route 119. |
| Property Visibility: |
Excellent |
| Highway Access: |
I-495 |
| Site Description: |
high-traffic (15,547+ vehicles per day) site |
| Area Description: |
high-traffic (15,547+ vehicles per day) site |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Year Built: |
2004 |
| Construction/Siding: |
Steel Frame |
| Parking Ratio: |
24 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Surface/ On Site |
| Total Parking Spaces: |
24 |
| Sewer Type: |
Other |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,674 |
23,247 |
49,600 |
| Median Age: |
42.17 |
41.66 |
41.39 |
| Households: |
964 |
8,702 |
17,664 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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