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487 Humphrey St 3,920 SF 100% Leased Office Building Swampscott, MA 01907 $1,900,000 ($484.69/SF)
EXECUTIVE SUMMARY
Investors and business owners take notice with this 4 Unit, Mixed use property that contains 2, 2-bedroom, residential units, and 2 commercial units. close to the ocean and downtown area. Very well-maintained property with existing owners' business on site. Current owners' family run business uses most of the building but can be reduced to allow leases of the residential 2 bedrooms, and the additional commercial unit. Price does include owners' family run business in the sale price. Please refer to floor plans. Plenty of off-street parking. The location is key, with its proximity to the ocean. Condo conversion potential is outstanding and/or buy as is for investment with the business transfer. Owners willing to stay on and train and stay on as employees as well. Due to owner's use of the building current rent roll is not at market. This is a Turnkey building and business. Taxes and balance sheet on business available with signed NDA
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Building Size
3,920 SF
Building Class
C
Year Built
2001
Price
$1,900,000
Price Per SF
$484.69
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,960 SF
Slab To Slab
8’
Building FAR
0.65
Lot Size
0.14 AC
Zoning
B1 - Business mixed use
Parking
2 Spaces (0.51 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Family Kitchens
- Construction
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Family Kitchens | Construction | - | - | - |
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PROPERTY TAXES
| Parcel Number | SWAM-000019-000180 | Improvements Assessment | $468,400 |
| Land Assessment | $458,000 | Total Assessment | $926,400 |
PROPERTY TAXES
Parcel Number
SWAM-000019-000180
Land Assessment
$458,000
Improvements Assessment
$468,400
Total Assessment
$926,400
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487 Humphrey St
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