Massey Knakal has a new listing up for 292-294 Atlantic Avenue, properties that include the St. Clair diner on the corner of Smith. The buildings are on the market for $4 million. (PropertyShark records show that the buildings sold for $4,800,000 in 2007.) More info from the listing: “The property is comprised of three retail stores, two offices & four apartments. The New St. Claire Restaurant is the anchor tenant with a lease expiring in 2017, however the landlord will make representation that the space can be delivered vacant. Market rent for this location is estimated to be $85 – $100 PSF or $12,500 – $15,000 per month. The upper floors are averaging $1,800 per month in rent, which is below market for the location.” The diner changed hands a few years ago and got a makeover in the process.
292-294 Atlantic Avenue [Massey Knakal] GMAP