101 Morse StWatertown, MA 02472MLS Number 71902295

  • Sale Price: $2,950,000
  • 814 Days Since Sale
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Federal 30-year interest rate: 3.94% last updated on Dec 21, 2017
* 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.
  • 0.72Acreage
  • 1865Year Built
  • 29410Square Feet

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Beautifully maintained, updated, elevator building short walk to Watertown SQ. Large parking lot Includes use of 55 parking spaces on freshly black topped lot. Recently secured anchor tenant for 50% of leased area. 3 spaces currently available for lease totaling 4,100 SF. Space was renovated 10 years ago. Nice diversity of tenants on short term leases. Most are modified gross. Variety of space with many offices and vast open spaces available for build-out. All in above average condition. This building has great cash flow and is quite affordable even for the smaller investor wanting to get into commercial ownership At $114 per SF you cannot beat this deal. Replacement value is double the price. Could also be a great residential project with rents coming in while you get all your plans completed and approved.

Listed by Bill Scott and Denise Price of ePlace

Listing Sold by Boston's Luxury Properties

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More Info

Basic Information

  • List Price$3,350,000
  • Sale Price$2,950,000
  • StatusSLD
  • Year Built SourcePublic Record
  • Year Built1865
  • Lease TypeOther (See Remarks)
  • Lease Price IncludesBuilding
  • LeaseYes
  • Date Listed09/10/2015
  • DirectionWatertown Street or Galen Street to Morse Street
  • MLS Number71902295
  • Status Date2016-03-11T13:56:00
  • Price Per Square Foot$114

Utilities

  • UtilitiesPublic Water, Public Sewer, Natural Gas

Auction

  • Special FinancingNo

Photos

  • Photo Date2015-09-10T17:13:00
  • Number of Photos18

Location

  • Street No101-103
  • Building Number101
  • StreetMorse St
  • Zip02472
  • Zip Code 42554
  • StateMA
  • CountyMiddlesex
  • LocationUrban, Park, Office Park, Free Standing, Highway Access, Public Transportation, Neighborhood
  • TownWatertown

Property

  • Acreage0.72
  • Net Operating Inc307431
  • Parking Spaces55
  • Space AvailableFor Sale
  • Site ConditionDry
  • SubletNo
  • Gross Annual Exp293000
  • Gross Annual Income600431
  • Handicap AccessYes
  • Condo AssociationNo
  • Lot Size31219
  • Assessed Value Land531700
  • Main SoAC1077
  • Main LoBB3282
  • Square Feet29410

Building

  • No Units9
  • No Buildings1
  • No Of Restrooms14
  • No Stories3
  • Parking FeatureAssigned, Paved Driveway, On Site, Shared
  • SprinklersYes
  • Total Bldg Sf29410
  • Entry OnlyNo
  • ElevatorYes
  • Assessed Value Bldg2145600
  • DividableUnknown

Exterior

  • ConstructionFrame
  • Roof MaterialShingle, Rolled

Other

  • Modification Date2016-03-11T13:56:00
  • Certificate Number239346
  • Property TypeOffice
  • Listing AlertNo
  • DisclosureNo
  • DisclosuresRevenue is based on 100% occupancy and expenses includie vacancy and management of 5% each and 50k for legal and engineering. Parking easement located at back of lot per city. See Plan. Contact listing agent for additional disclosure regarding DEP complia
  • Book43706
  • Listing AgreementExclusive Right to Sell, Exclusive right to Lease
  • Off Bldg Sf29410
  • Prop TypeCI
  • Plat PlanNo
  • ExchangeNo
  • Firm Rmk1Some space is available for lease, also listed in MLS. Additional parking available for rent only a block away if needed.
  • Parcel NumberM:0116 B:0008 L:0045
  • Page531
  • Sale Date03/01/2016
  • View Count100

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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