1003-1009 Chestnut St - Office FOR SALE


Newton, MA 02464- Newton Upper Falls
$1,950,000 USD
617-719-2026
1003-1009 Chestnut St, Newton, MA for Sale
$1,950,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

1003-1009 Chestnut St
Newton, MA 02464
Newton Upper Falls


OVERVIEW

Attached is information regarding a building that has just come on the market for sale. There are several factors that could significantly influence your acquisition and pricing strategy: • The current ownership partnership is being dissolved, and the property is being sold pursuant to arbitration proceedings. • The building will be delivered completely vacant at closing. • The property is subject to numerous fire, building, and code violations that will require attention. • The building is historically protected, which may impact redevelopment plans and renovation costs. That said, these circumstances may create an opportunity to acquire the asset at a favorable price relative to comparable properties in the market. I would be interested in hearing your thoughts and discussing whether this opportunity aligns with your investment objectives.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1836

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,389 SF

ZONING

BU1

APN/PARCEL ID

NEWT-000051-000002-000001

ASK ABOUT THIS PROPERTY

J.C. NachtweyCRG CommercialMore Info
617-719-2026

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J.C. NachtweyCRG CommercialMore Info
617-719-2026

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.