185 Squire Road Retail & Office

  • Title

    Mixed-Use Property for Sale

  • City

    Revere, MA

  • Price

    $1,500,000

  • Cap Rate

    5.52%

  • Gross Leasable Area

    6.117 SF

  • No. Units

    14

  • Price/SF

    $245.22

  • No. Stories

    2

  • Year Built

    1965

Not found amenities.

Northeast Private Client Group is pleased to present the Squire Road Retail & Office Property located on 185 Squire Rd (Route 60) in Revere, MA. The property consists of 15,705 SF of land, built in 1969 contains 5.787 SF of leasable area and 6,878 SF of gross building area. Two story cement block masonry commercial building with concrete floor and steel joists. Flat roof with rubber covering which is approximately ten (10) years old. Windows are aluminum frame thermopane, entry doors are aluminum frame and glass. Site is paved for parking (33 Spaces). There are two freestanding signs along the Squire Rd frontage. The site is serviced by public, water, sewer, gas, electric and telephone transmission.
The interior of the property is subdivided to accommodate multi-tenant retail and office use. First floor consists of four (4) retail tenants, interior finish varies from one space to another but consists of wall to wall carpet, painted drywall and suspended ceilings. Each retail unit has a private bath. Physical therapy clinic has two private bathrooms and a handicap accessible bathroom. Second floor is divided into small office units, two tiled bathrooms in the common hallway for use by the office tenants.
Originally constructed as an all-electric building, owner has installed gas fired force hot air heating systems and central A/C units for the first floor and one for second floor. Each are separately metered, second floor heated by electric
baseboard and cooled by wall mounted air conditioning units. Interior and exterior lighting fixtures have been recently replaced with high efficiency LED fixtures and sensors. Building has a 400-amp main electric service.
All interested and qualified parties will have the opportunity to tour the property during scheduled appointments

Revere, Suffolk County, MA

185 Squire Road Retail & Office Offering Memo