259 Massachusetts Avenue, East ArlingtonArlington, MA 02474MLS Number 72527851

  • Price: $4,400,000
  • 55 Days on Market
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Federal 30-year interest rate: 3.55% last updated on Aug 22, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.16Acreage
  • 1991Year Built

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Medical Office Landmark in East Arlington. A grand Victorian property on Mass Ave including 22 individual professional offices, 4 waiting rooms, and 12 parking spaces. The Healing Center has been in operation for the past 33 years and is fully tenanted with leases and annual escalations. The tenant base is comprised of psychotherapy professionals who provide evaluation, prevention, diagnosis, and treatment of mental, emotional and behavioral health issues as well as massage therapists, and acupuncturists. This property is in high demand for professionals who seek a place that is 100% dedicated to Health and Wellness. Several long-term tenants, and a waiting list to fill any space that becomes available. Property is well maintained and offices are updated with hardwood floors and new windows. All work was done to code and systems are commercial grade. Property tours by appointment only. Property is also being offered as a portfolio sale with 360 Mass Ave, Arlington MLS # 72527860

Listed by Albert Bouchie and Jonathan Hindmarsh of Coldwell Banker Residential Brokerage - Arlington

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More Info

Parking

  • Parking Spaces12
  • Parking Feature11-20 Spaces

Building

  • Year Built1991
  • ConstructionFrame
  • No Buildings1
  • No Of Restrooms8
  • No Stories4
  • Entry OnlyNo
  • Assessed Value Bldg1550400

Exterior

  • Roof MaterialShingle

Basic Information

  • Virtual TourClick Here
  • StatusACT
  • MLS Number72527851
  • Prop TypeCI
  • Status Date2019-07-01T09:06:00
  • Date Listed07/01/2019
  • List Price$4,400,000
  • LeaseNo
  • Directionfrom Cambridge, on the right side of Mass ave heading towards Arlington Center

Utilities

  • UtilitiesPublic Water, Public Sewer

Photos

  • Photo Date2019-07-28T09:53:00
  • Number of Photos26

Other

  • Modification Date2019-07-28T09:53:00
  • Property TypeCommercial
  • Listing AlertNo
  • Year Built SourceOwner
  • DisclosureNo
  • DisclosuresProperty is divided into 4 condos but is only being sold as a single building with the land. Lot size is estimated and land value is unknown.
  • Listing AgreementExclusive Right to Sell
  • Off Bldg Sf5628
  • Rsf Bldg Sf5628
  • ExchangeNo
  • View Count8

Location

  • StreetMassachusetts Avenue
  • TownArlington
  • StateMA
  • Zip02474
  • CountyMiddlesex
  • NeighborhoodEast Arlington
  • LocationUrban, Suburban, Highway Access, Public Transportation, Central Business District, Corner Lot

Property

  • Acreage0.16
  • Net Operating Inc195170
  • Space AvailableFor Sale
  • SubletNo
  • Gross Annual Exp77290
  • Lot Size7000
  • Gross Annual Income272460
  • Main LoK95001
CENTURY 21  Advance Realty
CENTURY 21 Advance Realty
Office: 781-395-2121
284 Salem Street
Medford, MA 02155

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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