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9 Meriam St 326 SF Office Condo Unit Offered at $198,000 in Lexington, MA 02420
INVESTMENT HIGHLIGHTS
- Strong investment with stable tenant and 5% annual rent growth
- Over $60,000 in recent renovations – modern and move-in ready
- Prime Lexington Center location – walk to shops, cafés, and restaurants
- Low operating costs – no maintenance expenses, efficient HOA
- Easy access to Route 2 and I-95 (Route 128)
- Ample shared parking lot with 20+ spaces available
EXECUTIVE SUMMARY
The Adams Building is a well-maintained, two-story professional office condominium located in the heart of Lexington Center. Originally constructed in 1966 and updated in 2024, the building features reinforced concrete construction, high ceilings, and abundant natural light. The property offers multiple small professional offices, shared amenities, and an ample on-site parking lot with over 20 spaces, as well as convenient nearby public parking. Situated steps from Lexington Common, restaurants, cafés, and boutique shops, with easy access to Route 2 and I-95 (Route 128).
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Storage Space
- Car Charging Station
- Air Conditioning
- Smoke Detector
- Backup Power / Generators
1 UNIT AVAILABLE
Unit 17
| Unit Size | 326 SF | Sale Type | Investment or Owner User |
| Price | $198,000 | Cap Rate | 7.00% |
| Price Per SF | $607.36 | NOI | $13,860 |
| Condo Use | Office |
| Unit Size | 326 SF |
| Price | $198,000 |
| Price Per SF | $607.36 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.00% |
| NOI | $13,860 |
DESCRIPTION
Beautifully renovated first-floor office condominium located in the historic Adams Building in the heart of Lexington Center.
This 326 SF office condo features high ceilings, abundant natural light, and modern finishes throughout. The space provides a welcoming and professional atmosphere ideal for therapists, consultants, or small businesses. The unit has undergone an extensive renovation exceeding $60,000, including upgraded flooring, new lighting, and refined interior décor, creating a bright and efficient workspace ready for immediate use.
Part of a well-managed professional condominium association with shared restrooms and one dedicated parking lot space, this property offers both historic charm and modern functionality.
Conveniently located within walking distance to Lexington Common, local shops, cafés, and restaurants, with easy access to Route 2 and I-95 (Route 128).
SALE NOTES
Turnkey Investment Opportunity
Currently leased at $1,100/month with 5% annual rent growth. Stable tenancy provides consistent cash flow and minimal management needs.
Extensively Renovated
Over $60,000 in high-quality upgrades, including new flooring, lighting, and complete interior finishes. The unit is modern, bright, and ready for immediate occupancy.
Attractive Returns
A solid, low-maintenance investment in a high-demand market.
?? Prime Lexington Center Location
Located in the historic Adams Building, steps away from Lexington Common, restaurants, cafés, and boutique shops. Excellent accessibility to Route 2 and I-95 (Route 128).
??? Ample Parking Available
Convenient access to an on-site parking lot and nearby public parking, ensuring easy access for tenants and visitors.
Low Operating Costs
Monthly HOA fee of $161.60 and low property taxes provide a cost-efficient ownership structure.
There are no additional maintenance expenses, and the HOA handles repairs promptly and efficiently, keeping ownership simple and worry-free.
Professional Office Environment
Part of a well-managed professional condominium association with shared restrooms and stable occupancy.
Flexible Use Options
Ideal for owner-users or long-term investors. Easy to lease, easy to maintain, and located in one of Greater Boston’s most desirable suburban markets.
Presented by
North America Real Estate Holding LLC
9 Meriam St
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