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471 High Street, Medford, MA 02155

Commercial

$4,990,000
Price

1
Buildings
5+ Residential
Type of Comm.
8,545.00
Lot Size
Fantastic opportunity to own iconic Usher Building in prime downtown West Medford Square location across from Commuter Rail. Impressive mixed use property: 5 retail spaces/storefronts currently being occupied by 3 businesses, and 8 large residential units above, some updated. Fab expansion potential in 4th floor attic: completely open & spans entire length of building. Parking for 6 cars in rear. Ultra high-visibility location. Truly a rare opportunity.
Open House
No scheduled Open Houses
Highlights
Lot Size: 8,545.00
Acres: 0.20
List Price: $4,990,000
Type: Commercial
Type of Comm.: 5+ Residential
Status: Active
Stories: 3
Buildings: 1
Total Units: 13
Total Sq. Ft.: 18,000
Year Built: 9999
Approx. GLA: 18,000
MLS#: 72463795
 
 
Exterior
Acres: 0.20
Lot Size: 8,545.00
Parking Spaces: 6
Parking Features: 1-10 Spaces
Construction: Brick
Location: Downtown, Park, Corner Lot
Utilities: Public Water, Public Sewer
Taxes
Short Sale Lender Approval: No
Lender Owned: No
21E On File: Yes
Assessed Building Value: $1,646,000
Assessed Land Value: $307,200
Exchange: No
Gross Annual Expenses: $64,220
Gross Annual Income: $274,416
Taxes: $27,373
Tax Year: 2017
Net Operating Income: $210,196
Book/Page: 47745/142
Sublet: No
Total Assesed Value: $1,953,200
Zone Description: Legal Non-Conforming
Features
Retail Sq. Ft.: 6,000
Retail Units: 5
Residential Sq. Ft.: 12,000
Residential Units: 8
 
 
Additional
Disclosure Declaration: No
Disclosure: Owner is real estate agent. Property being sold in "as is" condition. Buyers must be pre-approved.
For Lease: No
Space Available: For Sale
The listing office is RE/MAX Andrew Realty Services and the listing agent is John Veneziano. 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 it's 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. The data was last modified on 12/18/2018 2:44:00 PM.
 
John Veneziano, Broker/Owner
John Veneziano, Broker/Owner
RE/MAX Andrew Realty Services

Serving Massachusetts & New Hampshire

Medford Office:
12 High Street
Phone: (781) 395-7676

Stoneham Office:
335 Main Street Suite 103
Phone: (781) 438-7220


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