$3,325,000
$4,000,000
16.9%For more information regarding the value of a property, please contact us for a free consultation.
259 Massachusetts Ave Arlington, MA 02474
6,969 Sqft Lot
Key Details
Sold Price $3,325,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 72527851
Sold Date 12/10/19
Year Built 1991
Annual Tax Amount $17,455
Tax Year 2019
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Medical Office Landmark in East Arlington. A grand Victorian property on Mass Ave including 22 individual professional offices, 4 waiting rooms, and 12 parking spaces. The Healing Center has been in operation for the past 33 years and is fully tenanted with leases and annual escalations. The tenant base is comprised of psychotherapy professionals who provide evaluation, prevention, diagnosis, and treatment of mental, emotional and behavioral health issues as well as massage therapists, and acupuncturists. This property is in high demand for professionals who seek a place that is 100% dedicated to Health and Wellness. Several long-term tenants, and a waiting list to fill any space that becomes available. Property is well maintained and most offices are updated with hardwood floors and new windows. Property tours by appointment only. Property is also being offered as a portfolio sale with 360 Mass Ave, Arlington MLS # 72527860
Location
State MA
County Middlesex
Area East Arlington
Zoning B1
Direction from Cambridge, on the right side of Mass ave heading towards Arlington Center
Exterior
Utilities Available Public Water, Public Sewer
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Bought with Albert Bouchie • Coldwell Banker Residential Brokerage - Belmont