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$2,399,000
Est. payment /mo
10,471 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,471 sqft
Price per Sqft $229
MLS Listing ID 73350868
HOA Y/N false
Year Built 1910
Annual Tax Amount $35,436
Tax Year 2025
Lot Size 1.780 Acres
Acres 1.78
Property Description
10,471 Square Foot, 60% occupied, multi-tenant Medical office/ Flex Condominium located in a rapidly growing MSA of Boston , MA. 400 Commonwealth otherwise known as The Somerset building is ideally located adjacent to the Back Bay and Fenway . With Easy access to everything the Boston Metro area has to offer.This asset is a great owner/user opportunity and also gives investors the opportunity to purchase at a significant discount with a huge value add opportunity through soft repositioning and long term leasing strategies.The Unit was previously occupied by multiple medical and wellnessuses and has a Medical/spa feel inside. 400 Commonwealth offers a significant value add via adaptive re-use with the ability to convert to flex and office easily. 400 Commonwealth also provides a unique opportunity for owner-occupants to absorb some of the vacancies while further enhancing via strategic long term leasing strategies at market rates.
Location
State MA
County Suffolk
Zoning bos
Direction Commonwealth ave out of Kenmore Square
Exterior
Utilities Available Public Water, Natural Gas Available, 440 Volts
Roof Type Asphalt/Composition Shingles
Others
Senior Community false
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Listed by Block Realty
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