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20 Melrose St, Boston, MA – $2,850,000

  • $2.9M Price
  • 5,300 Sqft
  • $2.9M Price
  • 5,300 Sqft

20 Melrose St

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 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 has 4002 sf of exclusively deeded private 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.

Essential Information

  • MLS® #72405225
  • Price$2,850,000
  • Square Footage5,300
  • Acres0.00
  • TypeCommercial / Industrial
  • Sub-TypeCommercial
  • StatusActive

Community Information

  • Address20 Melrose St
  • SubdivisionBack Bay
  • CityBoston
  • CountySuffolk
  • StateMA
  • Zip Code02116-5510

Amenities

  • Parking Spaces2
  • ParkingAssigned, Paved Driveway

Listing Details

  • AgentHerb Entwistle

Office

Cityscapes International Realty

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