Coleman & Sons Real Estate
451 Main St, Waltham, MA 02154
781-894-7100 | coleman451main@gmail.com

259 Massachusetts Ave, Arlington, MA 02474

East Arlington

Commercial

$4,400,000
Price

1
Buildings
Commercial
Type of Comm.
7,000.00
Lot Size
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 offices are updated with hardwood floors and new windows. All work was done to code and systems are commercial grade. Property tours by appointment only. Property is also being offered as a portfolio sale with 360 Mass Ave, Arlington MLS # 72527860
Open House
No scheduled Open Houses
Highlights
Lot Size: 7,000.00
Acres: 0.16
Area/Village: East Arlington
List Price: $4,400,000
Type: Commercial
Type of Comm.: Commercial
Status: Active
Restrooms: 8
Stories: 4
Buildings: 1
Year Built: 1991
MLS#: 72527851
Exterior
Acres: 0.16
Lot Size: 7,000.00
Parking Spaces: 12
Parking Features: 11-20 Spaces
Construction: Frame
Roof Material: Shingle
Location: Urban, Suburban, Highway Access, Public Transportation, Central Business District, Corner Lot
Utilities: Public Water, Public Sewer
Taxes
Short Sale Lender Approval: No
Lender Owned: No
21E On File: No
Assessed Building Value: $1,550,400
Exchange: No
Gross Annual Expenses: $77,290
Gross Annual Income: $272,460
Taxes: $17,455
Tax Year: 2019
Net Operating Income: $195,170
Book/Page: 0/0
Sublet: No
Total Assesed Value: $1,550,400
Zone Description: Legal Conforming
 
Features
Office Sq. Ft.: 5,628
Office Units: 22
Residential Sq. Ft.: 5,628
Additional
Disclosure Declaration: No
Disclosure: Property is divided into 4 condos but is only being sold as a single building with the land. Lot size is estimated and land value is unknown.
For Lease: No
Space Available: For Sale
The listing office is Coldwell Banker Residential Brokerage - Arlington and the listing agent is Jonathan Hindmarsh. The property listing data and information, or the images, 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, and the images, 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 it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.
 
Office
Office
Coleman & Sons Real Estate
UA-55586042-1