Investment Overview
429 State Street presents a mixed-use, value-add opportunity totaling approximately 24,073 square feet. Built in 1900, the property contains 23 suites comprising approximately 19,875 square feet and accommodates a mix of office, retail-service, and automotive-repair uses.
Approximately 8,050 square feet is currently vacant, providing flexibility for an owner-user seeking space for its business while benefiting from income generated by the existing tenants. The property may also appeal to an investor with the experience and resources to improve occupancy and enhance operating performance through focused leasing and active management.
With established tenants, multiple suite configurations, and meaningful available space, 429 State Street offers a practical opportunity to acquire an income-producing property with identifiable upside potential.
Investment Highlights
- Approximately 8,050 SF currently available
- Existing office, retail-service, and automotive tenants
- Opportunity for an owner-user to occupy available space while collecting rental income
- Value-add potential through the lease-up of vacant suites
- Flexible suite configurations suitable for a variety of commercial uses