For Sale
For Sale
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Year Built
1960
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Total Building Size
12,317 RSF
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Overview
Mystic Av is State Highway Rte. 38 right off Exit 31 on I-93, just 5 miles from Boston. KW Commercial is the exclusive advisor for the rare offering of this well-located multi-tenant retail strip mall in Medford, MA at 191 Mystic Avenue, one of Medford’s busiest roads. Located just a few minutes from Interstate 93 in a high traffic location with strong retail exposure. This center is currently 100% occupied and has maintained a strong historical occupancy. The property is serviced by municipal water, sewer and sprinklers. Units are serviced by natural gas heat, air conditioning and separately metered electric. Site is a C-2 zoned commercial parcel, mostly level, constructed on a concrete slab with a brick masonry exterior. The land site is surrounded by a strong residential community base with other commercial retail, automotive and mixed-use buildings. Overall occupancy of this product type in the Boston submarket remains high, making it an ideal Landlord’s market. We are anticipating strong interest in this property as this is the first time it is being offered in 48 years.
Property Details
Mystic Av is State Highway Rte. 38 right off Exit 31 on I-93, just 5 miles from Boston. KW Commercial is the exclusive advisor for the rare offering of this well-located multi-tenant retail strip mall in Medford, MA at 191 Mystic Avenue, one of Medford’s busiest roads. Located just a few minutes from Interstate 93 in a high traffic location with strong retail exposure. This center is currently 100% occupied and has maintained a strong historical occupancy. The property is serviced by municipal water, sewer and sprinklers. Units are serviced by natural gas heat, air conditioning and separately metered electric. Site is a C-2 zoned commercial parcel, mostly level, constructed on a concrete slab with a brick masonry exterior. The land site is surrounded by a strong residential community base with other commercial retail, automotive and mixed-use buildings. Overall occupancy of this product type in the Boston submarket remains high, making it an ideal Landlord’s market. We are anticipating strong interest in this property as this is the first time it is being offered in 48 years.
- Property TypeRetail
- Submarket
- Year Built1960
- Sale Price$3,000,000
- Total Building Size12,317RSF
- Total Acres0.51
- Sale StatusAvailable
- Property ID2173589