Description
Value Add Opportunity ! Permits in place to build out 10 One Bedroom Apartments.Located on the highly sought after and heavily traveled Route 28 Interstate Highway.Tri level structure improved by 5 retail storefronts with long standing tenants in place. Updated sprinkler system. Wet system on lower levels and Dry system above.Also has an updated fire prevention system. Storefronts have their own separately metered utilities, including self contained heating and cooling systems in place. New electrical service in place. Five young rubber roofs. Present rent roll is below market with no leases having room for larger bottom line.Located on the bus line.The asset is positioned across from the newly developed Malden Mils Loft community Loft Five50 consisting of first phase development. Second phase development having an additional 200 units has just been improvedand in process.
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0BEDS
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0.13ACRES
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0BATHS
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01/2 BATHS
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14,618SQFT
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$123$/SQFT
School Ratings & Info
Description
Value Add Opportunity ! Permits in place to build out 10 One Bedroom Apartments.Located on the highly sought after and heavily traveled Route 28 Interstate Highway.Tri level structure improved by 5 retail storefronts with long standing tenants in place. Updated sprinkler system. Wet system on lower levels and Dry system above.Also has an updated fire prevention system. Storefronts have their own separately metered utilities, including self contained heating and cooling systems in place. New electrical service in place. Five young rubber roofs. Present rent roll is below market with no leases having room for larger bottom line.Located on the bus line.The asset is positioned across from the newly developed Malden Mils Loft community Loft Five50 consisting of first phase development. Second phase development having an additional 200 units has just been improvedand in process.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2025-04-27T09:05:23.55.