$500,000
$550,000
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871 Sqft Lot
SOLD DATE : 07/20/2018
Key Details
Sold Price $500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 72286176
Sold Date 07/20/18
Year Built 1900
Annual Tax Amount $6,938
Tax Year 2017
Lot Size 871 Sqft
Acres 0.02
Property Description
T-Mobile franchisee recently executed a new five year lease with 3% annual increases. Upon expiration, new ownership has opportunity to increase cash flow when able to mark-to-market with a new tenant or extend T-Mobile with their one, five year option at Fair Market Value. The property is located on the main thoroughfare of Charlestown and only steps away from the neighborhoods most visited retail center, Bunker Hill Mall which is anchored by Whole Foods, CVS, and Dunkin Donuts. Additionally, the T-Mobile store is located less than a 1/2 mile from the Community College Orange Line T Stop providing direct access to and from Downtown Boston within minutes.
Location
State MA
County Suffolk
Zoning Commercial
Direction On the main thoroughfare of Charlestown, steps from Bunker Hill Mall, a short walk to MBTA T Stop
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Bought with Thayer Morgan • Century 21 Commonwealth
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