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1st Floor - Unit 1
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Retail
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1,165 SF
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$950,000 USD
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Unit Size: 1,165 SF
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Condo Use: Retail
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Price: $950,000 USD
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Sale Type: Investment
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Price/SF: $815.45 USD
Description
Ready to sell! Attention investors and end-users, at the current new cap rate, it's an excellent value for this A+++ location.
This retail condo comes with a secured parking space, exclusive usage basement, and one half bathroom. This is the only convenient store among many Harvard student dorms. The current tenant runs a very prosperous business which will provide the new owner a steady rent for now and will command much higher market rents after current lease expires. This Beer and Wine Convenient Store used to be named "Louie's Superette" for 50+ years until "Louie" retired 4 years ago. Generations of Harvard graduates had fond memories of this family run little store. This is an Estate Sale. Closing is subject to a license to sell by Norfolk County Probate court. It should not be more than a month delay.
Sale Notes
Property is under agreement.
This is one of the five units but the only commercial unit. Usable basement.
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Susie Hsu
Move2boston
