257 Spring St - Bank FOR SALE


Medford, MA 02155- Glenwood
$2,000,000 USD
617-839-0456
257 Spring St, Medford, MA for Sale
$2,000,000 USD
Bank - FOR SALE
1/6
null | Request Cap Rate

257 Spring St
Medford, MA 02155
Glenwood


HIGHLIGHTS

  • Stand alone building with off street parking
  • Built out as a bank branch
  • Adjacent to major roads and shopping areas

OVERVIEW

This property is a recently closed Citizens Bank (Parcel A) The ground floor is built out as a branch with ATM vestibule and a vault for safety deposit boxes. Second floor is office space, meeting rooms and kitchenette. On the bank parcel is parking for 10 vehicles (2 of those spaces ADA). The property includes a second parcel on Yeoman's Ave (Parcel B). This parcel is 11,300 SFT and is zoned General Residential. There is the potential for development of this parcel if the buyer can successfully separate the parcels ensuring that the building has sufficient parking. This offer does not make any representations implied or otherwise that the parcels can be separated or that the second lot can be developed.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$378 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Citizens Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C1, Medford

APN/PARCEL ID

MEDF-000014-000000-J000014

ASK ABOUT THIS PROPERTY

Jim ConviserConviser Property GroupMore Info
617-839-0456

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Jim ConviserConviser Property GroupMore Info
617-839-0456

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