487 Humphrey St - Office FOR SALE


Swampscott, MA 01907
$1,900,000 USD
978-204-3874
487 Humphrey St, Swampscott, MA for Sale
$1,900,000 USD
Office - FOR SALE
1/30
null | Request Cap Rate

487 Humphrey St
Swampscott, MA 01907


OVERVIEW

Investors and business owners take notice with this 4 Unit, Mixed use property that contains 2, 2-bedroom, residential units, and 2 commercial units. close to the ocean and downtown area. Very well-maintained property with existing owners' business on site. Current owners' family run business uses most of the building but can be reduced to allow leases of the residential 2 bedrooms, and the additional commercial unit. Price does include owners' family run business in the sale price. Please refer to floor plans. Plenty of off-street parking. The location is key, with its proximity to the ocean. Condo conversion potential is outstanding and/or buy as is for investment with the business transfer. Owners willing to stay on and train and stay on as employees as well. Due to owner's use of the building current rent roll is not at market. This is a Turnkey building and business. Taxes and balance sheet on business available with signed NDA

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$485 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,055 SF

ZONING

B1

APN/PARCEL ID

SWAM-000019-000180

ASK ABOUT THIS PROPERTY

Pete CastrichiniBarry Realty GroupMore Info
978-204-3874

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Pete CastrichiniBarry Realty GroupMore Info
978-204-3874

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