MLS Number 72168458
This is a significant Value-Add Opportunity and we have had substantial interest already. Farm Hill Shopping Center is located on busy Route 28 in Stoneham, MA. across from Walgreen's. Site is .526 acres and property consists of two brick one story buildings, each containing 6 retail units. All units have first floor bathrooms and ample separate basement storage, with additional storage to lease out. All tenants are paying market rents that are far below market without CAM charges. 5 of 6 leases are expiring by August 2017 and the 6th has a clause to mark to market by July 2017. Property offers a great opportunity with proper lease up and stabilization to potentially double the value in 2 to 3 years. Property Marketing Package , APOD, projected rents, and copies of leases available from Broker,.
Listed by Felecia Elias of Coldwell Banker Residential Brokerage - Newburyport