20 Melrose St
Back Bay
Property Description:
Turn Key NNN ...Bay Village! Single tenant, Loft-like, well-appointed office space distributed over 3 floors with conf room, recptn area w/ 11 private offices plus ample storage space. Two deeded parking spaces inc in sale.4.5 years remaining on lease with annual bumps. Substantial recent renovations to property's interior as well as roof and AC system. Steps to Back Bay and S End shops and restaurants. Free standing one tenant building on quiet street within walking distance to public transportation. Property is 1 of only a 2 unit condo Assoc shared with the building at 39 church. The property leasable sf includes an additional approx 1200 sf of common areas w/ sets of bathrooms located on 2 floors shared w/ 39 church plus 4002 sf of deeded private office space. Rental bumps yearly. Property is zoned for Residential or Commercial and could be converted back to a single family or multiple apartments down the road and or potential 3rd fl addition Over $350k of lease is securitized!!
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