Back

1 of 15

2 of 15

3 of 15

4 of 15

5 of 15

6 of 15

7 of 15

8 of 15

9 of 15

10 of 15

11 of 15

12 of 15

13 of 15

14 of 15

15 of 15

4-8 Franklin St
Allston, MA 02134

$1,950,000 USD

Restaurant Condo For Sale • 3,135 SF

Property Details

Property Type Restaurant
Total Building Size 11,968 SF
Lot Size 0.07 AC
Building Class B
Year Built 1899
Cap Rate 6.15 %
Tenancy Multiple

65 Transit Score

98 Walk Score

1 Unit Available

Name	Condo Use	Size	Price	Details
1st Floor - Unit 101	Retail	3,135 SF	$1,950,000 USD
Unit Size: 3,135 SF Condo Use: Retail Price: $1,950,000 USD Sale Type: Investment Price/SF: $622.01 USD

Description

INVESTMENT OPPORTUNITY! NEWLY LEASED! Brand new retail storefront condominium located in the historic Allston Hall building. Located at the corner of Braintree Street and Franklin Street in Allston, the property is at the gateway to Allston Village, a vibrant commercial district full of shops, restaurants and residential developments. It is also just a few blocks from T station at Boston Landing. The property is leased to a retail tenant on a long term lease and with the tenant paying NNN expenses. This commercial condominium benefits from two exposures and features huge glass windows and tall ceilings. An ADA compliant entry opens to a rectangular shaped +/- 1,660 sq/ft open space, and there is an additional basement level with +/- 1,475 sq/ft of open space. Excellent investment or 1031 exchange in a convenient location that is experiencing tremendous growth. Call for a private showing today.

                
                    Highlights
                
                                Newly Leased
                            
                                Long Term Retail Tenant
                            
                                Investment or 1031 Exchange Opportunity

Financial Summary

Cap Rate:	6.15 %
Total Expenses:	$0 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Boston Landing (Framingham/Worcester Line - MBTA)	10 min	8 min	0.4 mi
Yawkey (Framingham/Worcester Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line))	3 min	-	2.1 mi
Transit/Subway	Drive	Walk	Distance
Harvard Avenue Station (Green Line - B - Massachusetts Bay Transportation Authority Subway (The T))	1 min	8 min	0.4 mi
Griggs Street/Long Avenue Station (Green Line - B - Massachusetts Bay Transportation Authority Subway (The T))	1 min	12 min	0.6 mi
Packard's Corner Station (Green Line - B - Massachusetts Bay Transportation Authority Subway (The T))	2 min	12 min	0.6 mi
Allston Street Station (Green Line - B - Massachusetts Bay Transportation Authority Subway (The T))	1 min	12 min	0.7 mi
Warren Street Station (Green Line - B - Massachusetts Bay Transportation Authority Subway (The T))	2 min	14 min	0.8 mi
Airport	Drive	Walk	Distance
General Edward Lawrence Logan International	14 min	-	8.0 mi

Scott Johnson 617-290-7428 William Raveis Real Estate, The Residential Group

4-8 Franklin St Allston, MA 02134