This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.
This Office Property is no longer advertised on LoopNet.com.

1 Montvale Ave
Stoneham, MA 02180

One Montvale - Medical/Office Building · Office Property For Sale

Medical Offices Massachusetts Stoneham 1 Montvale Ave, Stoneham, MA 02180

Investment Highlights

  • Office building with a history of institutional ownership, occupancy, and maintenance and the optionality to add an amenity or wellness center.
  • Excellent opportunity to acquire a prominent ±87%-leased asset at the crossroads of Montvale Avenue and Main Street with a strong in-place cash flow.
  • Currently leased to four tenants with 100% credit tenancy and a weighted average commitment of ±19.6 years.
  • Ability to create value by curating a tailor-made tenant roster through the lease-up of near-term available space.
  • There is potential to convert to medical, taking advantage of the local medical corridor, floor plate layout, and existing medical tenancy.
  • Current ownership has invested close to $4.5 million in building improvements during their current hold period.

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
99,777 SF
Building Class
B
Year Built/Renovated
1945/1987
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
24,078 SF
Building FAR
1.28
Lot Size
1.79 AC
Zoning
CB - Central Business District
Parking
298 Spaces (2.99 Spaces per 1,000 SF Leased)

Amenities

  • Atrium
  • Bus Line
  • Property Manager on Site
  • Security System
  • Signage
  • Storage Space
  • Fully Carpeted
  • Drop Ceiling

Links

PROPERTY TAXES

Parcel Number STON-000017-000000-000276 Improvements Assessment $6,452,200
Land Assessment $2,047,300 Total Assessment $8,499,500

PROPERTY TAXES

Parcel Number
STON-000017-000000-000276
Land Assessment
$2,047,300
Improvements Assessment
$6,452,200
Total Assessment
$8,499,500
{{content}}
 

  • Listing ID: 23563104

  • Date on Market: 7/1/2021

  • Last Updated:

  • Address: 1 Montvale Ave, Stoneham, MA 02180

More public record information on 1 Montvale Ave, Stoneham, MA 02180

The Office Property at 1 Montvale Ave, Stoneham, MA 02180 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

Office PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/2

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.