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1205 Massachusetts Ave 5,337 SF Vacant Retail Building Arlington, MA 02476 $1,299,000 ($243.40/SF)
Investment Highlights
- Great visibility for businesses and accessbility for commuters
- Oversized garage with office space
- Three residential and three commercial units
Executive Summary
Claim your spot on highly coveted Mass. Ave. with this mixed-use property set in a prime location for both residents and business owners alike. Take advantage of this investment opportunity and bring your vision to life, with three residential units and four commercial spaces creating an abundance of possibilities for its new owner. The main level features a two-bedroom apartment, a small office space and a retail space with its own entrance, formerly used as a salon. Upstairs, there is a three-bedroom, two-floor apartment, and the third apartment is a one-bedroom basement unit. At the rear of the property is a massive, detached garage, appealing to those in a range of industries, such as automotive, fitness and the arts, both in the main bay but also in the upstairs office and storage space. Other perks of this unbeatable location include high visibility, multiple nearby bus stops and easy access to the Minuteman Commuter Bikeway. Properties like this do not come around very often!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,337 SF
Building Class
C
Year Built
1940
Price
$1,299,000
Price Per SF
$243.40
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.11
Lot Size
0.11 AC
Zoning
B2 - Mixed use, single-family detached dwelling, two-family dwelling, duplex dwelling, three-family dwelling, townhouse or apartment building.
Parking
4 Spaces (0.75 Spaces per 1,000 SF Leased)
Frontage
60’ on Massachussets Ave
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | ARLI-000057-000004-000013 | Improvements Assessment | $617,000 |
| Land Assessment | $443,400 | Total Assessment | $1,060,400 |
Property Taxes
Parcel Number
ARLI-000057-000004-000013
Land Assessment
$443,400
Improvements Assessment
$617,000
Total Assessment
$1,060,400
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1205 Massachusetts Ave
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