20 Melrose St Boston MA 02116 | MLS 72405225

20 Melrose St
Boston, MA, 02116
$2,850,000
Beds
0 Baths
5,300 SqFt
0 Acres
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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. 2.5 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 4002 sf of deeded private office 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.

Property Details

Price:
$2,850,000
MLS #:
72405225
Status:
Active
Baths:
0.00
Address:
20 Melrose St
Type:
Commercial
City:
Boston
Listed Date:
Oct 3, 2018 (106 days)
State:
MA
Square Ft (approx):
5,300
ZIP:
02116

Schools

Interior

Total Bldg SqFt
5, 300
UTILITIES
Public Water, Public Sewer

Exterior

CONSTRUCTION
Brick
Parking Features
Assigned, Paved Driveway
Roof Material
Membrane

Financial

Assessed Bldg Value
$823,500
TAXES
$20,924

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Known for his professionalism and superior marketing and negotiation skills, Paul Whaley has distinguished himself as one of the most successful real estate brokers locally and nationally throughout his more than 25 years in the residential real estate industry.Paul continues to be recognized for his exceptional sales accomplishments; he is the recipient of the Coldwell Banker® International President’s Premier award, an honor he has received every year for the past decade. This award is pr…

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20 Melrose St
Boston, MA