MEDFORD, MA
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116 RIVERSIDE AV
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Location
116 RIVERSIDE AV
Mblu
N-10/ 6/ / /
Acct#
10925
Owner
MEDFORD SQUARE HOTEL LLC
Building Name
Total Market Value
$23,189,000
PID
10925
Building Count
1
District
:
Current Value
Assessment
Valuation Year
Improvements
Land
Total
2026
$22,465,100
$723,900
$23,189,000
Parcel Addresses
Additional Addresses
No Additional Addresses available for this parcel
Owner of Record
Owner
MEDFORD SQUARE HOTEL LLC
Co-Owner
Address
230 COMMERCE WAY STE 200
PORTSMOUTH, NH 03801
Sale Price
$27,050,000
Certificate
Book & Page
84460/357
Sale Date
08/06/2025
Instrument
00
Ownership History
Ownership History
No Data for Ownership History
Building Information
Building 1 : Section 1
Year Built:
1997
Living Area:
97,842
Replacement Cost:
$22,226,453
Building Percent Good:
85
Replacement Cost
Less Depreciation:
$18,892,500
Building Attributes
Field
Description
Style:
Hotel
Model
Commercial
Grade
Excellent
Stories:
8
Occupancy
157.00
Exterior Wall 1
Stucco/Masonry
Exterior Wall 2
Glass/Thermo.
Roof Structure
Flat
Roof Cover
Rolled Compos
Interior Wall 1
Drywall/Sheet
Interior Wall 2
Interior Floor 1
Carpet
Interior Floor 2
Ceram Clay Til
Heating Fuel
Gas
Heating Type
Forced Air-Duc
AC Type
Heat Pump
Use:
Hotel
Total Rooms
158
Total Bedrms
00
Total Baths
0
1st Floor Use:
3000
Heat/AC
HEAT/AC PKGS
Frame Type
FIREPRF STEEL
Baths/Plumbing
ABOVE AVERAGE
Ceiling/Wall
CEIL & WALLS
Rooms/Prtns
ABOVE AVERAGE
Wall Height
12.00
% Comn Wall
0.00
Building Photo
Building Layout
Building Sub-Areas (sq ft)
Code
Description
Gross
Area
Living
Area
FUS
Upper Story, Finished
82,748
82,748
BAS
First Floor
15,094
15,094
CAN
Canopy
1,024
0
FEP
Porch, Enclosed, Finished
112
0
UGR
Garage, Unfinished
11,754
0
110,732
97,842
Extra Features
Extra Features
Code
Description
Size
Value
Bldg #
ELEV
ELEVATOR
9.00 STOPS
$306,000
1
ELEV
ELEVATOR
9.00 STOPS
$306,000
1
Outbuildings
Outbuildings
Code
Description
Sub Code
Sub Description
Size
Assessed Value
Bldg #
LT1
LIGHTS-IN W/PL
16.00 UNITS
$32,400
1
PAV1
PAVING-ASPHALT
25000.00 S.F.
$56,300
1
SHD2
W/LIGHTS ETC
120.00 S.F.
$2,100
1
SPL2
POOL-INGR VINL
512.00 S.F.
$13,400
1
SGN2
DOUBLE SIDED
32.00 S.F.&HGT
$1,100
1
Valuation History
Assessment
Valuation Year
Improvements
Land
Total
2025
$21,872,600
$689,400
$22,562,000
2024
$18,743,400
$656,600
$19,400,000
2023
$15,215,400
$596,900
$15,812,300
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