5 Doctor Osman Babson RoadGloucester, MA 01930MLS Number 72166487

  • Price: $995,000
  • 37 Days on Market
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Federal 30-year interest rate: 4.03% last updated on May 25, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.49Acreage
  • 4600Square Feet
  • 5Street No
  • 1812Zip Code 4

This three unit office building is a great investment opportunity as it is fully leased and offers a high cap rate of 11.9%. The building is in excellent condition including a new roof and skylights installed in May 2017. Current uses include dentist, orthodontist, and wellness center. 16 parking spaces on site and room for expansion. Tenants pay utilities including electric, water, sewer. HVAC by Carrier electric heat pump. This is a great property to have in your portfolio. Tenant in unit 5A has informally notified landlord that he is moving and will fulfill lease obligations.

Listed by Christopher Bernier of Churchill Properties

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Basic Information

Utilities

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Location

  • Street No5
  • Building Number5
  • StreetDoctor Osman Babson Road
  • Zip01930
  • Zip Code 41812
  • StateMA
  • CountyEssex
  • TownGloucester

Property

  • Acreage0.49
  • Parking Spaces16
  • Space AvailableFor Sale
  • Lot Size21501
  • Square Feet4600

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Building

Exterior

Sagan Realtors
Office: 781-593-6111
300 Salem Street
Swampscott, MA 01907

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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