$445,000
$177,500
150.7%For more information regarding the value of a property, please contact us for a free consultation.
1,053 SqFt
SOLD DATE : 02/26/2021
Key Details
Sold Price $445,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,053 sqft
Price per Sqft $422
MLS Listing ID 72611026
Sold Date 02/26/21
Year Built 1985
Annual Tax Amount $2,606
Tax Year 2019
Lot Size 10.000 Acres
Acres 10.0
Property Description
INVESTOR SALE!! Rare opportunity to purchase LEASED office suite totaling 1,053 gr sq ft in the No Shore's premier Class A condominium park. 5-year lease at a 6% - 7.5% CAP rate. Highly efficient layout is built out with high quality finishes throughout. It includes 3 large windowed private offices, open work area / reception, storage room and skylights. Extensive thermal ribbon window line allows for ample natural light. Park amenities include on site furnished conference centerwith full kitchen, showers and lockers. Utilities separately metered and paid by tenant to Peabody Municipal Light Plant. Ideal Ample parking. Impeccably landscaped and professionally managed with full time on-site property manage. Can be combined with one or two contiguous unit for up to 3,230 sf.
Location
State MA
County Essex
Zoning OP
Direction Rt 1 South,Lynnfield Woods Office Park
Exterior
Utilities Available Public Water
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Bought with William Clark • The Clark Company
At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.
193 Green Street, Melrose, Massachusetts, 02176, United States