175-179 Wolcott Sq new Save Request In-Person Tour Request Virtual Tour
Boston,MA 02136
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,166 sqft
Price per Sqft $483
MLS Listing ID 73304453
Year Built 1920
Annual Tax Amount $17,000
Tax Year 2024
Lot Size 6,098 Sqft
Property Description
Well-located investment opportunity for immediate cash flow and excellent long-term growth in an expanding market. A mix of retail and residential uses creates lower risk. Current capitalization rate is 5.5% with an immediate opportunity to increase apartment rents. The liquor store is under a 25 year lease at approx $31/fooot with 19.7 years remaining. The retail lease is triple net with price index increases every 3 years. This prime location in the Readville area of Hyde Park has immediate access to the Readville commuter rail station only two hundred yards away. It very well-positioned between Milton to the east and Dedham to the west. There will be two group showings: Thursday October 24 at 11am until noon. Tuesday October 29 from noon until 1pm. Register with the Seller's broker. Offers will be reviewed on Friday, Nov 1
Location
State MA
County Suffolk
Area Hyde Park
Zoning CR
Exterior
Utilities Available Public Water,Public Sewer,Natural Gas Available
Waterfront false
Roof Type Rubber