25-29 Beach St Boston, MA 02111

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$45,000

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7,500 sq. ft.
0.09 Acres
Commercial Lease
MLS# 73181689

Listing provided courtesy of: Derek Wong, V & E Realty

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Property Details

Description

PRIME RESTAURANT/COMMERCIAL SPACE IN CHINATOWN FOR LEASE!! RARE OPPORTUNITY to come across such a prime and large space in Chinatown! This large space consists of the 1st floor, 2nd floor, and basement. EXCELLENT LOCATION, VISIBILITY, AND EXPOSURE!! Close to downtown Boston, Boston Common, Tufts Dental School, Tufts Medical Center, etc. CONVENIENT LOCATION! Steps away from major T lines - Red Line, Orange Line, Green Line. Ideal for restaurant, retail, mortgage, insurance, accounting, law firms, and more! This location was formerly home to a successful Chinese restaurant known as East Ocean City Restaurant for over two decades! Triple net lease (NNN). Lessee is responsible for 50% of the real estate tax and building insurance, and CAM. Some of the space on 1st floor is not included in the lease as it will be reserved for common area for potential future development of the building. Vacant. Easy to show. Great opportunity to start your restaurant enterprise right here!! Must see!!

General Features
- Buyer Agency Compensation .75
- Transaction Broker Compensation .75
- Annual Tax Amount $91,898
- Business Type Commercial
- Tax Year 2023
- Year Built 1920
Property Features
- Utilities Public Water, Public Sewer
- Waterfront YN No

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Neighborhood

02111 (Boston) Demographics

33 Median Age

27,673 Population Density (per sq. mile)

62% College Educated

$52,663 Estimated Median Income

962 Estimated Total Home Owners

2,664 Estimated Total Renters

27% / 73% Estimated Owner / Renter Divide

2 Estimated Average Household Size

7,949 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$1,296,750 Median Sales Price

4 Homes Sold

4 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $45,000
11/18/2023 7:21:00 PM	New in Database Source: Multiple Listing Service	New Value: $45,000

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The property listing data and information 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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.