259 Massachusetts Ave

    Arlington, MA 02474
    • $3,325,000
    • STATUS: Sold
    • MLS #: 72527851
    Sold - 12/10/2019
    $3,325,000
    SOLD - 12/10/2019
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1991
    County:

    School Ratings & Info

    Listing courtesy of Jonathan Hindmarsh of Coldwell Banker Residential Brokerage - Arlington.

    Description

    Medical Office Landmark in East Arlington. A grand Victorian property on Mass Ave including 22 individual professional offices, 4 waiting rooms, and 12 parking spaces. The Healing Center has been in operation for the past 33 years and is fully tenanted with leases and annual escalations. The tenant base is comprised of psychotherapy professionals who provide evaluation, prevention, diagnosis, and treatment of mental, emotional and behavioral health issues as well as massage therapists, and acupuncturists. This property is in high demand for professionals who seek a place that is 100% dedicated to Health and Wellness. Several long-term tenants, and a waiting list to fill any space that becomes available. Property is well maintained and most offices are updated with hardwood floors and new windows. Property tours by appointment only. Property is also being offered as a portfolio sale with 360 Mass Ave, Arlington MLS # 72527860

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    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 2019-12-12T20:06:50.957.
    www.welchmanrealestate.com/homes/96445362

    259 Massachusetts Ave Arlington, MA 02474

    • Price: $4,000,000
    • Status: Sold
    • Updated: 19 min ago
    • MLS #: 72527851
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1991
    Built
    Neighborhood:
    East Arlington
    County:
    Middlesex
    Area:
    East Arlington
    Property Description
    Medical Office Landmark in East Arlington. A grand Victorian property on Mass Ave including 22 individual professional offices, 4 waiting rooms, and 12 parking spaces. The Healing Center has been in operation for the past 33 years and is fully tenanted with leases and annual escalations. The tenant base is comprised of psychotherapy professionals who provide evaluation, prevention, diagnosis, and treatment of mental, emotional and behavioral health issues as well as massage therapists, and acupuncturists. This property is in high demand for professionals who seek a place that is 100% dedicated to Health and Wellness. Several long-term tenants, and a waiting list to fill any space that becomes available. Property is well maintained and most offices are updated with hardwood floors and new windows. Property tours by appointment only. Property is also being offered as a portfolio sale with 360 Mass Ave, Arlington MLS # 72527860
    Exterior Features

    Construction Frame Location UrbanSuburbanHighway AccessPublic TransportationCentral Business DistrictCorner Lot Parking Features 11-20 Spaces Parking Spaces 12 Roof Material Shingle Stories 4

    Interior Features

    Maf Building Sq Ft 0.00 Ref Building Sq Ft 0.00 Restrooms 8 Rsf Building Sq Ft 5628.00 Waf Building Sq Ft 0.00

    Property Features

    Assessed Value Building 1550400.00 Assessed Value Land 0.00 Assessed Value Total 1550400.00 Commercial Industrial Type Commercial Disclosure No Disclosures Property is Divided into 4 Condos (1 Condo Per Floor) But is Being Sold Together As A Single Building With The Land. Lot Size is Estimated And Land Value is Unknown Because Of The 4 Separate Public Record Reports For Each Condo. Exchange No Finance Code Conv. Fixed Gross Annual Expense 77890.00 Gross Annual Income 287460.00 Lease No Lender Owned No Mau Units 0 Net Operating Income 209570.00 Ofu Units 22 On File21 E No Reu Units 0 Rsu Units 0 Short Sale Lender App Required No Space Available For Sale Sublet No Tax Year 2019 Taxes 17455.00 Utilities Public WaterPublic Sewer Wau Units 0 Year Built Source Ow Zone Description Legal Conforming Zoning B1

    Listing information © 2019 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Jonathan Hindmarsh of Coldwell Banker Residential Brokerage - Arlington.


    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 2019-12-12T20:06:50.957.
     
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    Listing courtesy of Jonathan Hindmarsh of Coldwell Banker Residential Brokerage - Arlington.