384 Warren St - Storefront FOR SALE


Roxbury, MA 02119
$8,114,330 USD
781-776-4006
384 Warren St, Roxbury, MA for Sale
$8,114,330 USD
Storefront - FOR SALE
1/9
null | 7.5% Cap Rate

384 Warren St
Roxbury, MA 02119


HIGHLIGHTS

  • ATTRACTIVE RENT INCREASES
  • OPERATING EXPENSE PROTECTION
  • VALUE-ADD POTENTIAL
  • CONVENIENT LOCATION
  • HIGH TRAFFIC COUNTS
  • STRONG DEMOGRAPHICS

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the investment property located at 384 Warren Street in Boston, Massachusetts (“the Property”). The Property consists of a well-maintained three-story commercial building containing a total of three (3) units within 30,500 square feet on a 0.38-acre parcel of land. The Property is 100% leased to a complimentary mix of tenants including Dollar Country, Boston Public Schools, and Higher Ground. Each of the Tenants reimburse their pro rata share of real estate taxes, insurance and common area maintenance, and two of the three tenants have scheduled rental increases in both their primary lease terms and renewal options. Located in Boston’s Roxbury neighborhood, 384 Warren Street offers convenient access to Brookline, Back Bay, South Boston, Downtown Boston, Northeastern University, UMass Boston, several T Stations (Orange Line – Jackson Square Station and Uphams Corner MBTA Station - Fairmont, Franklin/Foxboro & Providence Stoughton Lines (both 1 mile away). Adding to the area’s appeal is the proximity to schools, highways, entertainment venues, retailers, and restaurants. 384 Warren Street offers the opportunity to acquire a well-located asset in one of the strongest real estate markets in a region that is poised for future growth.

FOR SALE DETAILS

PRICE

$8,114,330 USD

PRICE/SF

$254 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

384 Warren Street

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

C

APN/PARCEL ID

ROXB-000000-000012-000967

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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