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2 BUILDINGS (5 retail & 3 offices) 222-224 Newbury St

14,400 SF 79% Leased Retail Building Boston, MA 02116 $10,500,000 ($729/SF) 5.90% Cap Rate

Investment Highlights

  • PRIME LOCATION
  • EXISTING CASH FLOW AND UPSIDE
  • TROPHY INVESTMENT PROPERTY

Executive Summary

222-224 Newbury Street is a mixed-use (retail & office) property containing 14,400 ± SF. The five-story buildings contains five (5) retail suites and three (3) office suites. There is off-street parking for 2 vehicles. The two buildings are available for sale with an asking price of $10.5 million ($729/SF). They are available along with a portfolio of four (4) other buildings, 226-228 Newbury St. and 230-232 Newbury St. The year 1 cap rate is 5.9% with upside potential.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,400 SF
Building Class
B
Year Built/Renovated
1882/2004
Price
$10,500,000
Price Per SF
$729
Cap Rate
5.90%
NOI
$619,500
Percent Leased
79%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
5.51
Land Acres
0.06 AC
Zoning
H3, Boston
Frontage
120 FT on Newbury

Amenities

  • Bus Line
  • Commuter Rail
  • Metro/Subway
  • Signage
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (91)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Jpmorgan Chase & And Co
The Cheesecake Factory
Starbucks
Yard House
Del Frisco's
Capital Grille
New York Sports Club
Nespresso
Earls Kitchen and Bar
Anna's Taqueria

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
CBOS-000000-000005-003222
Land Assessment
$3,431,300
Improvements Assessment
$1,763,500
Total Assessment
$5,194,800
  • Listing ID: 32786035

  • Date on Market: 8/13/2024

  • Last Updated:

  • Address: 222-224 Newbury St, Boston, MA 02116

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