390 Arsenal StreetWatertown, MA 02472MLS Number 72847896

  • Price: $3,995,000
  • 131 Days on Market
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Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
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Under Agreement
390 Arsenal Street Watertown MA 02472390 Arsenal Street Watertown MA 02472390 Arsenal Street Watertown MA 02472390 Arsenal Street Watertown MA 02472
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  • 0.51Acreage
  • 1978Year Built
PRICE IMPROVEMENT! LONG TERM TENANT IN PLACE! $20,000/mo NNN! $240,000/year. Set it and forget it! 390 Arsenal, situated on the Watertown Greenway, in one of the fastest growing neighborhoods just outside of Boston. Located in the "Regional Mixed Use District" 390 Arsenal features 1/2 acre parcel steps to Arsenal Yards, which features over 20 retail, restaurant + shopping destinations as well as 200,000+ sq ft of office + life science space. 390 Arsenal is home to a fully licensed recreational Cannabis Dispensary that is redeveloping the property to fit its needs. 10 year lease with two 5 year options. 2% annual rent increases. Densely populated neighborhood that boasts 23,000+ in daily traffic. Inquire for additional details. Active construction site, do not approach.
Listed by Andrea Amour, J. Daniel Duval and Elevated Boston Team of Elevated Realty,LLC

Driving Directions

Colonial Manor Realty
Colonial Manor Realty
Office: 781-844-9371
127 Franklin St
Reading, MA 01867

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More Info

Parking

  • Parking Spaces25
  • Parking FeatureOpen
  • Total Parking Spaces25

Building

  • Year Built1978
  • Reu Units1
  • No Buildings1
  • No Stories1
  • Entry OnlyNo
  • Assessed Value Bldg467700

Utilities

  • UtilitiesPublic Water, Public Sewer

Photos

  • Photo Date2021-06-10T16:01:00
  • Number of Photos4

Other

  • Modification Date2021-10-14T03:05:00
  • Certificate Number230841
  • Property TypeCommercial
  • Listing AlertNo
  • Year Built SourcePublic Record
  • DisclosureNo
  • DisclosuresRendering for example purposes only. Active construction site, do not approach without consent.
  • Book68643
  • Listing AgreementExclusive Right to Sell
  • Plat PlanYes
  • ExchangeNo
  • Firm Rmk1For additional documents contact Andrea at aamour@elevatedboston.com. Rendering for example purposes only.
  • Page416
  • View Count21

Basic Information

  • MLS Number72847896
  • Prop TypeCI
  • Status Date2021-10-14T03:05:00
  • Date Listed06/10/2021
  • List Price$3,995,000
  • LeaseYes
  • Lease Price IncludesBuilding, Land
  • Lease TypeTriple Net Lease (NNN)
  • DirectionGPS
  • MLS StatusUnder Agreement

Location

  • StreetArsenal Street
  • TownWatertown
  • StateMA
  • Zip02472
  • Zip Code 42892
  • CountyMiddlesex
  • LocationUrban, Shopping Mall, Office Park, Free Standing, Highway Access, Public Transportation, Central Business District

Property

  • Acreage0.51
  • Net Operating Inc240000
  • Space AvailableFor Sale
  • Site ConditionDry, Level, Open
  • SubletNo
  • Lot Size22417
  • Gross Annual Income240000
  • Condo AssociationNo
  • Assessed Value Land1122000
  • Main LoAN1547
Listed by Andrea Amour, J. Daniel Duval and Elevated Boston Team of Elevated Realty,LLC

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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