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    60 Newmarket Square

    Boston, MA 02118
    • $2,000,000
    • STATUS: Active
    • MLS #: 72791865
    UPDATED: 54 min ago
    $2,000,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Lenny Pierce of Jones Lang Lasalle.

    Description

    60 Newmarket Square in Boston, MA (the "Property), is a 4,115 SF office building on a 0.17 acre parcel. The Property offers investors a rare opportunity to acquire an asset that can take advantage of the competitive commercial leasing environment in Bostons Newmarket District. Vacancy in the Roxbury/ Dorchester Office Market generally is currently at 5.8%and average market rents lie at $35.65 gross per square foot, a level which represents a 12% 5-year increase. While the Newmarket District is primarily an industrial neighborhood, an office asset like this one would still benefit from the distribution and logistics operations all around it. One of the many industrial users in the park could view the building as an opportunity to serve their administrative and operational space needs.

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    The property listing data and information 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 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 set forth herein. Data last updated 2021-04-16T16:09:51.373.
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    60 Newmarket Square Boston, MA 02118

    • Price: $2,000,000
    • Status: Active
    • Updated: 54 min ago
    • MLS #: 72791865
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1950
    Built
    Neighborhood:
    Roxbury
    County:
    Suffolk
    Area:
    Roxbury
    Property Description
    60 Newmarket Square in Boston, MA (the "Property), is a 4,115 SF office building on a 0.17 acre parcel. The Property offers investors a rare opportunity to acquire an asset that can take advantage of the competitive commercial leasing environment in Bostons Newmarket District. Vacancy in the Roxbury/ Dorchester Office Market generally is currently at 5.8%and average market rents lie at $35.65 gross per square foot, a level which represents a 12% 5-year increase. While the Newmarket District is primarily an industrial neighborhood, an office asset like this one would still benefit from the distribution and logistics operations all around it. One of the many industrial users in the park could view the building as an opportunity to serve their administrative and operational space needs.
    Exterior Features

    Parking Spaces 18 Stories 1

    Interior Features

    Maf Building Sq Ft 0.00 Ref Building Sq Ft 0.00 Rsf Building Sq Ft 0.00 Waf Building Sq Ft 0.00

    Property Features

    Assessed Value Building 8057000.00 Assessed Value Land 503600.00 Assessed Value Total 1309300.00 Commercial Industrial Type Industrial Disclosure No Exchange No Lease No Lender Owned No Mau Units 0 Ofu Units 1 On File21 E No Reu Units 0 Rsu Units 0 Short Sale Lender App Required No Space Available For Sale Sublet No Tax Year 2021 Taxes 32440.20 Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning Indsutrial

    Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Lenny Pierce of Jones Lang Lasalle.


    The property listing data and information 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 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 set forth herein. Data last updated 2021-04-16T16:09:51.373.
     
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    Charlesgate Realty Group
    867 Boylston Street, Fl 3
    Boston MA, 02116
    Listing courtesy of Lenny Pierce of Jones Lang Lasalle.