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Expired

509 Humphrey St Swampscott. MA 01907

$1,000,000

Commercial Sale

0 Bedrooms

0 Bathrooms

0 sq ft

16 Parking Spots

Built in 1973

Location, Location, Location! Rare opportunity to purchase a 4 unit mixed-use building. (2 residential units; 2 commercial units) 3 out of the 4 units will be delivered vacant which makes it an ideal Condo Conversion Project or Excellent property for 1031 Exchange Buyer. Very desirable building & location w/ off-street parking. Walk to beaches, town, restaurants, shops & cafes. Train to Boston/Newburyport/Rockport only @ 1 mile away. Projected rent roll @ $120k; Projected expenses @ $30k. NOI @ $90k. Purchase w/ cash and property potential to yield 8-10% ROI. Ample off-street parking ideal for commercial tenants, very rare for Humphrey St. Boston @12.5 miles away. Located on bus route. Residential units have decks w/ ocean views. Great long term buy & hold OR condo convert. Property can be purchased as a package w/ 18-20 Sculpin Way (adjacent) MLS #

This listing has been viewed 4 times in the past 207 days

Last Updated: May 7th, 2024 at 12:12am

General Information for 509 Humphrey St, Swampscott, Massachusetts 01907

Property TypeCommercial Sale

Price$1,000,000

MLS #73073205

List Date2023-01-24

Special Listing Conditions

StateMassachusetts

Street NameHumphrey St

Unit

CitySwampscott

Zip Code01907

CountyEssex

MLS Status

AssociationNo

Heat Zones

Sold Date

Building Area Total

Building Area Units0

Close Date

Close Price$0

Listing Service

UnparsedAddress509 Humphrey St, Swampscott MA 01907

Zoning

Zoning DescriptionOther (See Remarks)

Business Type

Interior Features for 509 Humphrey St, Swampscott, Massachusetts 01907

* Approx. Living Area Total0 sq ft

MLS Area (Major)

OffMarketDate24/02/2023

Exterior Features for 509 Humphrey St, Swampscott, Massachusetts 01907

* Parking Spaces16

* Year Built1973

Year Built Details

Year Built Source

Construction Materials

Approx. Street Frontage

Utilities

Disclosures for 509 Humphrey St, Swampscott, Massachusetts 01907

Buyer Agent Compensation2

Contingency

Financing

Disclosures

Documents Available

MLSPIN_COMP_BASED_ON

MLSPIN_COOP_COMP

MLSPIN_DISCLOSURE

Lead PaintUnknown

Facilitator Compensation1

TransactionBrokerCompensationType

BuyerAgencyCompensationType

Financial Information for 509 Humphrey St, Swampscott, Massachusetts 01907

Association Fee$0

Association Fee Frequency

Associaton Fee Includes

AssociationNo

Assessed Value

Real Estate Tax$0

Tax Year

Existing Lease Type

OriginalListPrice$1,000,000

Lifestyle Information for 509 Humphrey St, Swampscott, Massachusetts 01907

Association Amenities

Frontage Type

GarageYNNo

Location information for 509 Humphrey St, Swampscott, Massachusetts 01907

Marketing History for 509 Humphrey St, Swampscott, Massachusetts 01907

MLSPIN_MARKET_TIME_BROKER

MLSPIN_MARKET_TIME_PROPERTY

PurchaseContractDate

Agent Information for 509 Humphrey St, Swampscott, Massachusetts 01907

Agent MLS IDBB809399

Office MLS IDAN1532

Buyer Agent MLS ID

Buyer Office MLS ID

Team Members

Exclusive Listing Agent

Stephen Martin

Lux Realty North Shore

Agent Phone

(617) 212-3251

Office Phone

(978) 922-1000

Text Agent Call Agent Call Office

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            [name] => SOLD_PRICE_PER_SQFT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3095] => Array
        (
            [field_id] => 3095
            [type] => number
            [name] => STREET_NUM
            [value] => 509
        )

[field_3098] => Array
        (
            [field_id] => 3098
            [type] => text
            [name] => TransactionBrokerCompensation
            [value] => 1
        )

[field_3118] => Array
        (
            [field_id] => 3118
            [type] => price
            [name] => NOI
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3164] => Array
        (
            [field_id] => 3164
            [type] => boolean
            [name] => AvailableNow
            [value] => No
        )

[field_3168] => Array
        (
            [field_id] => 3168
            [type] => price
            [name] => SEC_DEPOSIT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3171] => Array
        (
            [field_id] => 3171
            [type] => text
            [name] => Office Phone
            [value] => 978-922-1000
        )

[field_3172] => Array
        (
            [field_id] => 3172
            [type] => text
            [name] => Agent Phone
            [value] => 617-212-3251
        )

[field_3178] => Array
        (
            [field_id] => 3178
            [type] => boolean
            [name] => AdditionalParcelsYN
            [value] => No
        )

[field_3184] => Array
        (
            [field_id] => 3184
            [type] => select
            [name] => BuildingAreaUnits
            [value] => Square Feet
        )

[field_3185] => Array
        (
            [field_id] => 3185
            [type] => text
            [name] => BuyerAgencyCompensation
            [value] => 2
        )

[field_3189] => Array
        (
            [field_id] => 3189
            [type] => price
            [name] => ConcessionsAmount
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3192] => Array
        (
            [field_id] => 3192
            [type] => number
            [name] => ParkingTotal
            [value] => 16
        )

[field_3200] => Array
        (
            [field_id] => 3200
            [type] => price
            [name] => ElectricExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3205] => Array
        (
            [field_id] => 3205
            [type] => date
            [name] => ExpirationDate
            [value] => 01/01/1900
        )

[field_3206] => Array
        (
            [field_id] => 3206
            [type] => select
            [name] => FarmLandAreaUnits
            [value] => Square Feet
        )

[field_3216] => Array
        (
            [field_id] => 3216
            [type] => price
            [name] => GrossIncome
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3220] => Array
        (
            [field_id] => 3220
            [type] => price
            [name] => InsuranceExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3222] => Array
        (
            [field_id] => 3222
            [type] => text
            [name] => ListingAgreement
            [value] => Exclusive Right To Sell
        )

[field_3223] => Array
        (
            [field_id] => 3223
            [type] => date
            [name] => ListingContractDate
            [value] => 24/01/2023
        )

[field_3226] => Array
        (
            [field_id] => 3226
            [type] => area
            [name] => LotSizeSquareFeet
            [value] => 0 Sqft
            [raw] => 0
            [unit_id] => 1
        )

[field_3229] => Array
        (
            [field_id] => 3229
            [type] => date
            [name] => OffMarketDate
            [value] => 24/02/2023
        )

[field_3230] => Array
        (
            [field_id] => 3230
            [type] => price
            [name] => OperatingExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3231] => Array
        (
            [field_id] => 3231
            [type] => price
            [name] => OriginalListPrice
            [raw] => 1000000
            [unit_id] => 260
            [value] => $1,000,000
            [price_only] => $1,000,000
        )

[field_3240] => Array
        (
            [field_id] => 3240
            [type] => text
            [name] => UnparsedAddress
            [value] => 509 Humphrey St, Swampscott MA 01907
        )

[field_3241] => Array
        (
            [field_id] => 3241
            [type] => price
            [name] => WaterSewerExpense
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3246] => Array
        (
            [field_id] => 3246
            [type] => text
            [name] => ZoningDescription
            [value] => Other (See Remarks)
        )

[field_3248] => Array
        (
            [field_id] => 3248
            [type] => datetime
            [name] => OriginalEntryTimestamp
            [value] => 24/01/2023 20:38:00
        )

[field_3265] => Array
        (
            [field_id] => 3265
            [type] => price
            [name] => MLSPIN_GRE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3266] => Array
        (
            [field_id] => 3266
            [type] => price
            [name] => MLSPIN_HTE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3281] => Array
        (
            [field_id] => 3281
            [type] => price
            [name] => MLSPIN_MGF
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3282] => Array
        (
            [field_id] => 3282
            [type] => price
            [name] => MLSPIN_MSE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3285] => Array
        (
            [field_id] => 3285
            [type] => price
            [name] => MLSPIN_OPTIONAL_FEE
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3290] => Array
        (
            [field_id] => 3290
            [type] => price
            [name] => MLSPIN_PRICE_PER_SQFT
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3292] => Array
        (
            [field_id] => 3292
            [type] => price
            [name] => MLSPIN_RFS
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3293] => Array
        (
            [field_id] => 3293
            [type] => price
            [name] => MLSPIN_RME
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

[field_3301] => Array
        (
            [field_id] => 3301
            [type] => select
            [name] => RoomMasterBathroomFeatures
            [value] => Yes
        )

[field_3306] => Array
        (
            [field_id] => 3306
            [type] => price
            [name] => GrossScheduledIncome
            [raw] => 0
            [unit_id] => 260
            [value] => $0
            [price_only] => $0
        )

)

EXIT

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