Listed by Coldwell Banker Commercial NRT Newton
$699,000
Newton MA Office/Retail Condo with Exceptional Parking
Details
Property Type Office
Sub Type Traditional Office, retail
Square Footage 1,962
Units 1
Cap Rate 5.72%
NOI $40,000
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $356
Buildings 1
Stories 1
Office | 5.72% CAP | 1,962 SF
Marketing description
Rare opportunity to buy a prime Newton commercial condo with incredible 13-car off-street parking in an ultra-desirable location. The condo is a bright first floor end unit located adjacent to a row of single-story commercial condos. The site offers many windows, excellent signage and choice visibility. The renovated interior with flexible floor plan has multiple spacious corner offices, bathrooms, and kitchen. This unit can be a strong long-term investment with valuable parking or ideal for an owner-user seeking to own a location for retail or office business. Buyer should do its own due diligence regarding permitted uses. Ask regarding environmental.
Investment highlights
Great Windows and Natural Light
Fully Renovated
Ample On-Site Parking
Premier Location
Listing Contacts
Listed by Coldwell Banker Commercial NRT Newton
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,000.00
$3,333.33/mo
Valuation Metrics
0
DSCR
5.72%
Cap Rate
5.72%
ROI
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