400 Commonwealth, Boston, MA 02215
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$2,399,000
Type: Commercial Condo
Gross
10471 Bldg. SQFT
N/A Restrooms
Parking: N/A

Property Description

10,471 Square Foot, 60% occupied, multi-tenant Medical office/ Flex Condominium located in a rapidly growing MSA of Boston , MA. 400 Commonwealth otherwise known as The Somerset building is ideally located adjacent to the Back Bay and Fenway . With Easy access to everything the Boston Metro area has to offer.This asset is a great owner/user opportunity and also gives investors the opportunity to purchase at a significant discount with a huge value add opportunity through soft repositioning and long term leasing strategies.The Unit was previously occupied by multiple medical and wellnessuses and has a Medical/spa feel inside. 400 Commonwealth offers a significant value add via adaptive re-use with the ability to convert to flex and office easily. 400 Commonwealth also provides a unique opportunity for owner-occupants to absorb some of the vacancies while further enhancing via strategic long term leasing strategies at market rates.

Property Details tap to expand

Property Information

  • Type: Commercial Condo
  • Location: Legal Conforming
  • MLS ID#: 73350868

Financial

  • Gross Annual Expenses: 89516
  • Gross Annual Income: 314080
  • Net Operating Income: 115628
  • Lease Type: Gross

Building Information

  • Total SQFT: 10471

Construction & Utilities

  • Utilities: 440 Volts, Natural Gas, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/31/2025Active$2,399,000$229MLSPIN
03/27/2025New$2,399,000$229MLSPIN

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Seller's Representative: Scott Cordner, Block Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-31 03:06:00

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