55 Franklin St
Boston, MA 02110

$3,500,000

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Listing Details

$3,500,000
MLS# 73598350
Type Commercial - Business
Status Active

15,750
Square Feet
0.070 acres
Lot Size
1934
Year Built

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Listed By

Agency Name: Riverfront REALTORS
Agent Name: Gregory McCarthy
Agency Phone: 508-868-0801

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

Home Value Estimate

Description

Generational opportunity to acquire a cash-flowing asset in the heart of downtown Boston, situated on one of the city's most coveted blocks. Spanning five stories plus a basement and boasting approximately 18,500 square feet, the building has an optimal footprint for the area and use. The property is currently 60% occupied with all long-term leases in place, allowing for an owner-occupant to occupy their office space while still cash flowing, or for an investor to build on the already robust NOI. There is clear potential to boost the NOI through the lease-up of the two vacant suites, driving the income to an unprecedented cap rate. Located...read more

Features

$97,183 Taxes
Built in 1934

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