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4-8 Franklin St
3,135 SF Retail Unit Offered at £1,529,599 in Allston, MA 02134
Investment Highlights
- Newly Leased
- Investment or 1031 Exchange Opportunity
- Long Term Retail Tenant
Executive Summary
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.
Property Facts
| Price | £1,529,599 | Sale Type | Investment |
| Unit Size | 3,135 SF | Building Class | B |
| No. Units | 1 | Number of Floors | 4 |
| Total Building Size | 11,968 SF | Typical Floor Size | 2,992 SF |
| Property Type | Retail (Unit) | Year Built | 1899 |
| Property Subtype | Restaurant | Lot Size | 0.07 AC |
| Price | £1,529,599 |
| Unit Size | 3,135 SF |
| No. Units | 1 |
| Total Building Size | 11,968 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Restaurant |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 4 |
| Typical Floor Size | 2,992 SF |
| Year Built | 1899 |
| Lot Size | 0.07 AC |
1 Unit Available
Unit 101
| Unit Size | 3,135 SF | Sale Type | Investment |
| Price | £1,529,599 | Net Initial Yield | 6.15% |
| Price Per SF | £487.91 | NOI | £94,129.20 |
| Unit Use | Retail |
| Unit Size | 3,135 SF |
| Price | £1,529,599 |
| Price Per SF | £487.91 |
| Unit Use | Retail |
| Sale Type | Investment |
| Net Initial Yield | 6.15% |
| NOI | £94,129.20 |
Nearby Major Retailers
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4-8 Franklin St
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