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1193 Commercial Street, Weymouth, MA 02189

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Building Details:

• Year Built: 1935

1193 Commercial Street is amulti-family property located in Weymouth, MA. The property currently has 1 multi-family space for lease and is marketed by .

This building was the old site for the Immaculate Conception nuns convent. Located in a desirable part of Weymouth -just 17 miles from downtown Boston and 1/2 mile from the Weymouth commuter rail. This site was just permitted for 12 market-rate apartments and is currently on a 99 year land lease with the Roman Catholic Archdiocese of Boston.

Available Spaces

Suite	Space Type	Pricing	Size
---	Multi-Family Space	For lease: Negotiable
This building was the old site for the Immaculate Conception nuns convent. The actual building is in excellent condition. This site has recently been permitted for 12 market-rate apartments and will be on a 99 year land lease with the Roman Catholic Archdiocese of Boston. Land Lease structure is $2,400/month with ONLY 1% per year inflation adjustment for the land lease at a term of 99 years; land lease doesn't begin until C/O are obtained by the new owner. Fully leased 12 units will achieve a gross income of approximately $252,000 per year in rental income assuming each one-bedroom is rented for $1750/month. Site is being offered at $450,000. All permits in hand and site is ready to go, please email me with any questions at: colin@ellisrealtyadvisors.com « show less This building was the old site for the Immaculate Conception nuns convent. The actual building is in excellent condition. This site has recently... show more » View Details This building was the old site for the Immaculate Conception nuns convent. The actual building is in excellent condition. This site has recently been permitted for 12 market-rate apartments and will be on a 99 year land lease with the Roman Catholic Archdiocese of Boston. Land Lease structure is $2,400/month with ONLY 1% per year inflation adjustment for the land lease at a term of 99 years; land lease doesn't begin until C/O are obtained by the new owner. Fully leased 12 units will achieve a gross income of approximately $252,000 per year in rental income assuming each one-bedroom is rented for $1750/month. Site is being offered at $450,000. All permits in hand and site is ready to go, please email me with any questions at: colin@ellisrealtyadvisors.com Pricing: Negotiable Availability: Now Listing ID: 3146223 Save to list

Multi-Family Space

For lease: Negotiable

This building was the old site for the Immaculate Conception nuns convent. The actual building is in excellent condition. This site has recently... show more »

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1193 Commercial Street, Weymouth, MA 02189

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