Back Bay Commercial Property for Sale

25 Days on Boardwalk Properties

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
03/31/2025	Active	$2,399,000	$229	MLSPIN
03/27/2025	New	$2,399,000	$229	MLSPIN

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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

The property listing data and information 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 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 set forth herein.

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

Boardwalk Properties
143 Harvard Avenue
Allston, MA 02134
(617) 566 5333

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