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820-824 Huntington Avenue, Boston MA 02115, Boston, Commercial Sale

$ 2,999,000
820-824 Huntington Avenue, Boston MA 02115,
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Overview

  • Updated On:
  • April 14, 2022
  • 4,740 ft2

Description

4.74% CAP RATE. Fully occupied mixed-use building with 4 apts & 2 retail spaces in the heart of the booming Longwood Medical/Mission Hill biotech cluster. The neighborhood is poised for dramatic increases in rent prices and property values due to more than 5,000,000 square feet of proposed developments within walking distance for research labs, hospital expansions, retail space and residential housing. These developments will bring an influx of high-paying jobs for medical professionals, scientists and hospital workers who need to live near work for their patients and important research projects. (A 68,000sf lab building is planned two doors down) 820-824 Huntington is perfectly positioned to capitalize on this new base of high-earning tenants with three residential units in rentable condition that can be updated to new standards when the time arises, a tenant-at-will retail space paying under-market rent, and a high-quality convenience store tenant with 5 years remaining on the lease

Address: 820-824 Huntington Avenue, Boston MA 02115
City:
State/County:
Zip: 02115
Country: US
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Property Id : 27964
Price: $ 2,999,000
Property Size: 4,740 ft2
Property Lot Size: 0 ft2
MLS Area: Mission Hill
Existing Lease Type: Gross, Other (See Remarks)
Listing ID: 72944290
MLS Status: Under Agreement
Last Modified: 2022-04-14T22:59:00.000Z
Original List Price: 2999000
Street Name: Huntington Avenue
Street Number: 820-824

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10,993 ft2

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