My First Commerical Property!
East Broadway, South Boston, MA
In 2014 I owned a business in Southie, and the lease was ending. I needed a new home for the business, and I was running out of time. I located a building on 709 East Broadway in Southie that was a perfect spot for the new business. I only needed the commercial space, but the whole building was for sale. The owners operated their family business for years in the space, so it was a natural fit.
I moved the business into the space in July 2014 and then a few years later the space was transformed into a neighborhood restaurant. In commercial real estate, it’s a different ball of wax than a residential property. There are different lease types such as NNN, Gross lease, Percentage lease. There are also different things that the tenant is responsible for with a commercial building vs. residential. I enjoy learning about the type of real estate as it is fascinating!
- Commercial condo on East Broadway! First floor featuring 2500 square feet laid out over two levels. Public transit is right outside the front door. Beach is right down the street.
- For more information about how this deal was structured, renovation numbers, profits and more, please contact me