Value Add Through Lease Up – The building is currently ±10% occupied by one retail tenant in ±562 SF. The building is currently a gutted shell, prime for redevelopment of the interior to create additional storefronts and density. The ground floor is roughly ±2,531 SF, and the upstairs is roughly ±2,733 SF.
Proximity to Downtown – The property is located in the Mass Ave Corridor surrounded by restaurants, bars, significant housing redevelopment.
Additional Development Potential– The property has additional land to develop more density – townhomes, multifamily, or even additional retail with street frontage on Massachusetts Ave, providing further opportunity for additional income for the new owner.
Parking on Site – The property currently has 10+ parking spaces, providing an amenity to potential operators or tenants that isn’t readily available in the near vicinity. This also provides an opportunity for additional income.