SQUARE FEET9,929
MLS#73469289
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
A 2 to 2.5-story wood frame, vinyl sided, former nursing home, Victorian-style structure, with a combination of slate and asphalt shingle roof, 100% sprinklered, a full granite/brick walled foundation & concrete slab basement, built circa 1910, renovated over time. The property is a MASH certified 53-bed sober house under the 12-Step Education Program of NE. This investment offers tremendous upside, when stabilized at an 85% occupancy. Rents were increased as of October 2025, to $310/week for singles, $235/week for shared rooms, $1,250/month for singles & $1,000/month for shared rooms, which includes food. To date, the mix has historically been 10% monthly fees and 90% weekly fees. The property is in need of upgrades. A stabilized proforma at a 15% vacancy, may produce a potential NOI of $71,331 that includes a NNN lease payment to the real estate ownership of $250,000 annually.
Property Features
Property Type: Commercial - Business
Lot Size: 1.40 Acres
Taxes: $15,430
Year Built: 1910
Feature Descriptions
Building Area Total: 9929
Business Type: Commercial
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 92
Parcel Number: Map 41 Block 4 Lot 0,369266
Rental Term: Monthly
Listed By / Shown By
Listed By
Agency Name: JMR Commercial RE Services
Agency Phone: 617-851-3458
Agent Name: J. Murray Regan
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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317 Boston Rd | MLS# 73469289
This commercial property located at 317 Boston Rd, Billerica, MA 01862 is currently listed for sale with an asking price of $3,000,000. Search Billerica real estate on www.masiellogrouprealestate.com today.