$ 2,500,000
175-179 Wolcott Sq Boston, MA 02136
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,500,000
Est. payment /mo
New
175-179 Wolcott Sq Boston, MA 02136
5,166 SqFt
UPDATED:
10/25/2024 07:05 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,166 sqft
Price per Sqft $483
MLS Listing ID 73304453
HOA Y/N false
Year Built 1920
Annual Tax Amount $17,000
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Well-located investment opportunity for immediate cash flow and excellent long-term growth in an expanding market. A mix of retail and residential uses creates lower risk. Current capitalization rate is 5.5% with an immediate opportunity to increase apartment rents. The liquor store is under a 25 year lease at approx $31/fooot with 19.7 years remaining. The retail lease is triple net with price index increases every 3 years. This prime location in the Readville area of Hyde Park has immediate access to the Readville commuter rail station only two hundred yards away. It very well-positioned between Milton to the east and Dedham to the west. There will be two group showings: Thursday October 24 at 11am until noon. Tuesday October 29 from noon until 1pm. Register with the Seller's broker. Offers will be reviewed on Friday, Nov 1
Location
State MA
County Suffolk
Area Hyde Park
Zoning CR
Direction South end of Hyde Park Ave. Just past the Readville commuter rail on the right.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Waterfront false
Roof Type Rubber
Others
Senior Community false
Listed by Maxfield & Company Real Estate