Property Description

Corner mixed-use building in Franklin Park. 4,793 SF. Exterior renovation complete. First floor is 2,458 SF commercial, to be delivered white box. Second floor is two apartments: 255 Morrison Avenue, 960 SF, 2 bed / 1 bath, leased through May 31, 2027 at $1,450/month including water; 1687 Oak Street, 1,369 SF, 3 bed / 2 bath, vacant. Council variance already allows retail, office, and eating-and-drinking. CRA remains on the residential improvements through tax year 2034. No off-street parking. Ample on street parking on Oak and Morrison.First floor offered as one suite at $24/SF NNN on 2,458 SF, or as storefronts at $34/SF NNN and small offices at $60/SF NNN. Building is an active renovation. Fire-rated first-floor ceiling and residential plumbing upgrades are in process.Asking $950,000 as-is.

Property Features