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Owners Developers & Managers
Posted: December 13, 2019
Foncellino Team of Coldwell Banker Commercial sells 7,000 s/f mixed-use
Taunton, MA The Foncellino Team of Coldwell Banker Commercial listed and sold a 7,000 s/f mixed-use building at 23 Cedar St. for $400,000.
The seller was MSS Six Realty LLC. The buyer is Chris Campeau.
The building is located on a 16,000 s/f lot and has three residential apartments and one office space, currently occupied by a dental office. The dental practice is the owner of the building.
The owner completely renovated the office space to accomodate his practice. The dentist will be moving to a new location at 247 Broadway, which is a building the Foncellino Team sold him, and is a former Friendlys Restaurant and is being renovated into a dental clinic.
The Foncellino Team helped the buyer negotiate a one-year lease, which assisted in making the deal work. The buyer asked the Foncellino Team to search for a new tenant, to replace the dental office when their lease is completed.
The buyer owns other buildings in the area, and has added Cedar St. to his portfolio.
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