121 Winthrop StMedford, MA 02155

Property Details for 121 Winthrop St

Year built

1910

Lot size

0.06 AC

Property size (Sq ft)

1,742 SF

Property type

Investment properties

Property subtype

Live-work space

APN

MEDF M:O-06 B:0102

APU

MEDFMO06B0102

Description

This charming two-story, 3,257 square foot traditional office building at 121 Winthrop Street in Medford, Massachusetts, presents a unique investment opportunity. Built in 1910, the property sits on a 0.06-acre lot and offers a single-tenant occupancy with 300 square feet currently vacant. The building's classic architecture is complemented by its convenient location, boasting proximity to Tufts University, the Mystic Valley Parkway, and a vibrant commercial corridor on Boston Avenue, just 0.2 miles away. Public transportation is readily accessible, with a bus stop directly outside and the Green Line just half a mile from the property. The building features no elevators, typical for its age and size. This property is ideal for a business seeking a well-established presence in a thriving community, offering both historical charm and modern convenience. The address is 121 Winthrop Street, Medford, MA 02155, located in Middlesex County, and is easily accessible via cross streets including George Street. The building's single-tenant structure provides a streamlined management experience. The available 300 square feet presents an opportunity for expansion or customization to suit a tenant's specific needs. This is a rare opportunity to acquire a well-located, historically significant commercial property in a desirable area of Medford.

• CAP approach

  CAP return

  Valuation

  6%

  $288,005

  6.5%

  $265,850

  7%

  $246,861

• Comparable approach

  Method

  Valuation

  Relative Method

  $227,610

  Geo Method

  $227,610

• Alternative Use

  Use

  Valuation

  Residential

  $329,655

  Hospitality

  $301,962

  Educational

  $251,229

  Medical

  $259,869

  Retail

  $390,800

Location Insight

City

Medford

County

Middlesex

State

Massachusetts

Latitude

42.4143

Longitude

-71.1197

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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