Boston's Top 20

Register today!

Our mobile site is optimized for smaller screens.

TRY IT NO THANKS

Every City Has One

Custom Search

20 Melrose Street, Back BayBoston, MA 02116MLS Number 72405225

  • Price: $2,850,000The price has recently decreased
  • 15 Days on Market
PrintSave Favorite
Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 4.9% last updated on 2018-10-11

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 5300Square Feet
  • 1900Year Built
  • 2Parking Spaces
  • CIProp Type

Turn Key NNN ...Bay Village! 5% cap! Loft-like, well-appointed office space distributed over 3 floors with conf room, reception area w/ 11 private offices plus ample storage space. Two deeded parking spaces inc in sale. 2.5 years remaining on lease 2% bumps then full market. Substantial renovations to property's interior as well as roof and AC system. Steps to Back Bay and S End shops and restaurants. Free standing one tenant building on a quiet street. Property is 1 of only a 2 unit condo assoc shared with the building at 39 church. the buildings share a rear egress. The property leasable sf includes an additional approx 1300 sf of common areas w/ 2 sets of bathrooms located on 2 floors shared w/ 39 church and 4002 sf of deeded private office space. Rental bumps yearly. Property is zoned for Residential or Commercial and could be converted back to a single family or multiple apartments down the road and or potential 3rd fl addition Over $160k of the lease is securitized.

Listed by Herb Entwistle and Marissa Valdez of Cityscapes International Realty Group

Ask A Question

Call: 617-716-0240 or send a message:

Do not fill in this field:

Driving Directions

Marsh Properties

Your Local Office

Marsh Properties
30 Newbury Street, 3rd Floor
Boston MA, 02116

Office: (617) 716-0240

More Info

Parking

  • Parking Spaces2
  • Parking FeatureAssigned, Paved Driveway

Building

  • Year Built1900
  • ConstructionBrick
  • Total Units1
  • Total Bldg Sf5300
  • No Units1
  • No Buildings1
  • No Of Restrooms4
  • No Stories3
  • Entry OnlyNo
  • Assessed Value Bldg823500

Utilities

  • UtilitiesPublic Water, Public Sewer

Auction

  • Special FinancingNo

Other

  • Modification Date2018-10-13T13:04:00
  • Property TypeCommercial
  • Listing AlertNo
  • Year Built SourcePublic Record
  • DisclosureYes
  • DisclosuresActually private deeded space is 4002 sf includes 50% ownership and leasable additional approx 1300 sf shared common space including 4 restrooms.
  • Listing AgreementExclusive Right to Sell, Facilitation/ER w/Var.Rate Comm.
  • Off Bldg Sf5300
  • ExchangeNo
  • Firm Rmk1Attached zoning and floor plans. Showings to very serious buyers as to not disrupt the current law office tenant mornings or early evenings only.

Basic Information

  • StatusACT
  • MLS Number72405225
  • Prop TypeCI
  • Status Date2018-10-03T16:52:00
  • Date Listed10/03/2018
  • List Price$2,850,000
  • Price Per Square Foot$538
  • LeaseYes
  • Lease Price IncludesBuilding
  • Lease TypeTriple Net Lease (NNN)
  • DirectionCharles Street to Melrose St

Exterior

  • Roof MaterialMembrane

Location

  • Building Number20
  • Street No20
  • StreetMelrose Street
  • TownBoston
  • StateMA
  • Zip02116
  • Zip Code 45510
  • CountySuffolk
  • NeighborhoodBack Bay
  • LocationDowntown, Historic, Public Transportation

Property

  • Net Operating Inc142500
  • Space AvailableFor Sale
  • Site ConditionImproved
  • Square Feet5300
  • SubletNo
  • Main LoAC2303

Photos

  • Photo Date2018-10-11T16:39:00
  • Number of Photos22

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: