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Excellent investment opportunity in a high-visibility East Boston location. This approximately 1,026-square-foot commercial condominium is occupied by a long-established convenience store generating $3,811 per month, or $45,732 annually. The lease includes scheduled 6% annual increases, with the next increase due June 1, 2027. The tenant is responsible for utilities and certain maintenance, repairs, and insurance expenses, subject to the lease and condominium documents.Potential future uses may include a convenience store, specialty market, professional office, salon, café, takeout establishment, or other commercial use, subject to the existing lease, zoning, condominium documents, licensing requirements, and governmental approvals. The property offers approximately 12-foot ceilings, one restroom, and approximately 960 square feet of unfinished basement/storage space with interior access. The basement is for the exclusive use of Unit C and is not included in the retail square footage.Buyer and buyer's agent must verify all lease terms, income, expenses, square footage, zoning, permitted uses, and condominium restrictions. Documents are available to qualified buyers upon request.
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Listing provided by MG Group, Century 21 North East
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