9 Meriam St - Loft/Creative Space CONDO FOR SALE


Lexington, MA 02420- Downtown Lexington
$198,000 USD
781-530-6857
9 Meriam St, Lexington, MA for Sale
$198,000 USD
Loft/Creative Space CONDO - FOR SALE
1/8
null | 7% Cap Rate

NEW


9 Meriam St
Lexington, MA 02420
Downtown Lexington


HIGHLIGHTS

  • Strong investment with stable tenant and 5% annual rent growth
  • Low operating costs – no maintenance expenses, efficient HOA
  • Over $60,000 in recent renovations – modern and move-in ready
  • Easy access to Route 2 and I-95 (Route 128)
  • Prime Lexington Center location – walk to shops, cafés, and restaurants
  • Ample shared parking lot with 20+ spaces available

OVERVIEW

Turnkey Investment Opportunity Currently leased at $1,100/month with 5% annual rent growth. Stable tenancy provides consistent cash flow and minimal management needs. Extensively Renovated Over $60,000 in high-quality upgrades, including new flooring, lighting, and complete interior finishes. The unit is modern, bright, and ready for immediate occupancy. Attractive Returns A solid, low-maintenance investment in a high-demand market. ?? Prime Lexington Center Location Located in the historic Adams Building, steps away from Lexington Common, restaurants, cafés, and boutique shops. Excellent accessibility to Route 2 and I-95 (Route 128). ??? Ample Parking Available Convenient access to an on-site parking lot and nearby public parking, ensuring easy access for tenants and visitors. Low Operating Costs Monthly HOA fee of $161.60 and low property taxes provide a cost-efficient ownership structure. There are no additional maintenance expenses, and the HOA handles repairs promptly and efficiently, keeping ownership simple and worry-free. Professional Office Environment Part of a well-managed professional condominium association with shared restrooms and stable occupancy. Flexible Use Options Ideal for owner-users or long-term investors. Easy to lease, easy to maintain, and located in one of Greater Boston’s most desirable suburban markets.

FOR SALE DETAILS

PRICE

$198,000 USD

PRICE/SF

$607 USD /SF

CAP RATE

7%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

undefined, Medical, Office/Residential

TOTAL BUILDING SIZE

12,500 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

CB3

APN/PARCEL ID

LEXI-000049-000000-000006-000005,LEXI-000049-000000-000006-000017,LEXI-000049-000000-000006-000021,LEXI-000049-000000-000006-000023

ASK ABOUT THIS PROPERTY

Lily WeiNorth America Real Estate Holding LLCMore Info
781-530-6857

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Lily WeiNorth America Real Estate Holding LLCMore Info
781-530-6857

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