Listing # 72510038

Description

Attention Investors * The Perfect 1031 Tax-Free Exchange * Rare opportunity to own a prime Tremont Street commercial condominium offering 2174 sqft' of 1st Class Retail/Office space with heavy foot traffic located in the heart of the South End's business district. Existing tenant is a South End favorite the stylish Third Piece Studio will remain in place with a long term NNN lease. 5% cap rate of return with a yearly escalation clause...complete details available upon receipt of non-disclosure agreement. 2017 total renovation featuring an 1124 sqft' street-level storefront with high ceilings. Fully functional 1050 sqft' lower level with additional retail/office space, conference room, storage, & kitchenette. Class A property includes handicap entrance & bathroom, new HVAC throughout, city-approved plate glass window display & signage, sprinkler system, security system & auxiliary lighting. Showings available Wed & Thurs 12-3 with 7-day notice. Please do not disturb the current tenant!

Property Details
For Sale

$1,695,000

  • County: Suffolk
  • MLS Area: South End
  • Sq. Ft:
Assc Fee Includes
  • Water
  • Sewer
  • Master Insurance
Location
  • Downtown
  • Urban
  • Historic
  • Highway Access
  • Public Transportation
  • Central Business District
  • Neighborhood
Roof Material
  • Membrane
  • Rubber
Utilities
  • Public Water
  • Public Sewer
  • Natural Gas
  • 220 Volts
Additional Information
  • Ci Type: Commercial
  • Condo Association: Yes
  • Construction: Brick
  • Dividable: No
  • Easements: No
  • Elevator: No
  • Exchange: No
  • Expandable: No
  • Handicap Access: Yes
  • Lease: Yes
  • Lease Type: Triple Net Lease (NNN)
  • Lien And Encumbent: No
  • On File 21e: No
  • Plat Plan: No
  • Railroad Siding: No
  • Space Available: For Sale
  • Sprinklers: Yes
  • Sub Dividable: No
  • Sublet: No
  • Survey: No
  • Undrgrnd Tank: No
  • Zone Description: Legal Conforming

Location

Seller's Representative:
Rich Haen
RichHaen.com Realty

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MLS PIN data last updated at September 15th, 2019 3:11:43 AM EDT