1399 Washington St - Office FOR SALE


Hanover, MA 02339
$1,899,900 USD
781-420-2589
1399 Washington St, Hanover, MA for Sale
$1,899,900 USD
Office - FOR SALE
1/29
null | Request Cap Rate

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1399 Washington St
Hanover, MA 02339


HIGHLIGHTS

  • Heavy Traffic, located on a front parcel lot directly in front of Hanover Crossing.

OVERVIEW

1399 Washington St is a commercial office space building consisting of seven offices and nine half baths. Front parcel lot, sitting on just shy of ¾ of an acre, located directly in front of the recently completed development, Hanover Crossing! With easy access to routes 3 and 53- this commercial office space building sits dead center on one of the busiest retail corridors in the area! What was once a quaint and quiet mall, has now been transformed and revamped into one of the highest trafficked shopping/lifestyle centers not just in Hanover, but the entire south shore! Financials are all actual FY2024. Property is 43% vacant, including the premier 1st floor unit which was being used a 2200sqft medical practice. Please see attached offering memorandum which gives a break down of the rent roll and expenses at current and estimated full occupancy.

FOR SALE DETAILS

PRICE

$1,899,900 USD

PRICE/SF

$216 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

commercial

APN/PARCEL ID

HANO-000018-000000-000009

ASK ABOUT THIS PROPERTY

Andrew PatersonLongwood Residential LLCMore Info
781-420-2589

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Andrew PatersonLongwood Residential LLCMore Info
781-420-2589

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.