November 2020: Boston's commercial real estate market is still one of the strongest in the nation. While there's no denying that the commercial market has seen some changes in 2020, it's this change that opens up new opportunity for multi-tenant office-buildings located outside dense urban centers - particularly while commercial loan interest rates are as low as 3.5%.
What does this mean for commercial property investors?
Opportunity.
FOR SALE
The commercial properties at 76, 78, and 80 Winn Street in Woburn, Massachusetts are currently for sale for $3,150,000.
The property consists of 3 buildings totaling 31,230 +/- sf on 1.25 acres in downtown Woburn, just 0.3 miles from the Center.
The 3-building property offers diversity for an investor: OFFICE - RESIDENTIAL - RETAIL.
The total assessed value is $2,477,300 with annual rental income of approximately $228,672 (Note: with 4 vacant unit at 76 Winn on Dec 13, 2020)
Would you like to learn more?
Office Space
At 76 Winn, approximately 20 tenants enjoy quiet suites that fit their businesses - whether they prefer private work space, open collaboration, or operational retail.
Ample windows let in lots of natural light. Front and rear interior staircases and an elevator allow easy access to all four levels.
Electric and gas are metered separately for each unit. There is one ground level loading door.
Retail & Residential Space
78 Winn is a 1-3/4 story residential building with a garage.
80 Winn is a three-story retail building with three to four tenants. Level one, accessible from Winn Street, is currently leased to a convenient store. Level two is currently leased to businesses. The lower level with an overhead door and accessible from the rear of the building, is leased as storage.
Parking
The property at 76-78-80 Winn Street has approximately 60 parking spaces between the front retail areas and the rear parking lot.
Location
Conveniently located 0.4 miles from Woburn's center common and Route 38, Winn Street is a highly-travelled, main road leading from Woburn to Burlington and Route 95/128.
Local amenities within 0.5 miles include City Hall, district court, library, restaurants, coffee shops, financial services, professional services, car dealerships, gas stations, and more.
Schedule a Tour
Edward Carbone, CCIM
Carbone Commercial Real Estate, Inc.
Office 781-935-5444
Edward@CarboneRE.com
CarboneRE.com
Credits:
Vicki Carbone-Blazejowski / Carbone Commercial Real Estate, Inc.