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Property Overview

Price/Rent PSF $ 3,000,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 12,317
Date Available 10/16/2020
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Description

Location
Mystic Av is State Highway Rte. 38 right off Exit 31 on I-93, just 5 miles from Boston.

Sale
KW Commercial is the exclusive advisor for the rare offering of this well-located multi-tenant retail strip mall in Medford, MA at 191 Mystic Avenue, one of Medford’s busiest roads. Located just a few minutes from Interstate 93 in a high traffic location with strong retail exposure. This center is currently 100% occupied and has maintained a strong historical occupancy. The property is serviced by municipal water, sewer and sprinklers. Units are serviced by natural gas heat, air conditioning and separately metered electric. Site is a C-2 zoned commercial parcel, mostly level, constructed on a concrete slab with a brick masonry exterior. The land site is surrounded by a strong residential community base with other commercial retail, automotive and mixed-use buildings. Overall occupancy of this product type in the Boston submarket remains high, making it an ideal Landlord’s market. We are anticipating strong interest in this property as this is the first time it is being offered in 48 years.

Location

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