$3,965,800
$3,995,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
0.51 Acres Lot
SOLD DATE : 11/22/2021
Key Details
Sold Price $3,965,800
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 72847896
Sold Date 11/22/21
Year Built 1978
Annual Tax Amount $35,816
Tax Year 2020
Lot Size 0.510 Acres
Acres 0.51
Property Description
PRICE IMPROVEMENT! LONG TERM TENANT IN PLACE! $20,000/mo NNN! $240,000/year. Set it and forget it! 390 Arsenal, situated on the Watertown Greenway, in one of the fastest growing neighborhoods just outside of Boston. Located in the "Regional Mixed Use District" 390 Arsenal features 1/2 acre parcel steps to Arsenal Yards, which features over 20 retail, restaurant + shopping destinations as well as 200,000+ sq ft of office + life science space. 390 Arsenal is home to a fully licensed recreational Cannabis Dispensary that is redeveloping the property to fit its needs. 10 year lease with two 5 year options. 2% annual rent increases. Densely populated neighborhood that boasts 23,000+ in daily traffic. Inquire for additional details. Active construction site, do not approach.
Location
State MA
County Middlesex
Zoning I-1
Direction GPS
Exterior
Utilities Available Public Water, Public Sewer
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Bought with Elevated Boston Team • Elevated Realty, LLC
