203 Squire Road Retail & Office

  • Title

    Mixed-Use Property for Sale

  • City

    Revere, MA

  • Price

    $500,000

  • Cap Rate

    6.08%

  • Gross Leasable Area

    2,250 SF

  • No. Units

    2

  • Price/SF

    $222.22

  • No. Stories

    2

  • Year Built

    1972

Not found amenities.

Northeast Private Client Group is pleased to present the Squire Road Retail & Office Property located on 203 Squire Road (Route 60) in Revere, MA.
The property is comprised of a single tax parcel of land containing total area of 2,161 +/- SF. Rectangular in shape, with 27.54′ feet of frontage of Squire Rd, extending eastward along Lantern Road for 98.76 feet. The site is serviced by
public water, sewer, gas, electric and telephone transmission lines. Subject to an access and parking easment. The access and parking are located at the rear of the lot as shown on the Easement Plan*.
This two (2) story walk up cement block masonry commercial building, built in 1972, with wood joist floor system. Building contains 2,250 SF of net leasable area and 2,250 SF of gross building area. Flat rubber roof (approximately 10
years old), aluminum frame thermopane windows(replaced approximately 5 years ago). First floor is currently leased out to Hertz Car Rental. Second floor unit was previously used as an accounting office now available for lease for new tenant. Each unit has two bathrooms, separate gas fired forced hot water heating systems for both floors. Each separately metered, all interior and exterior light fixtures have recently been replaced with high efficiency LED fictures and sensors. The building has a 200-AMP main electric service
Squire Rd near the intersection of Route 60 and US Route 1, major traffic intersection, heavily traveled commercial strip which generates significant traffic flow through out the day and particularly during the morning and evening commute.Average daily vehicle count is in the range of 60,000 vehicles per day.

Revere, Suffolk County, MA

203 Squire Road Retail & Office Offering Memo