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65 Meridian St - 65 Meridian St. 597 - 798 SF Retail Condo Units Offered at $429,000 - $449,000 Per Unit in Boston, MA 02128
INVESTMENT HIGHLIGHTS
- Commercial Business District
- Strong Cap Rate or Owner Occupancy Option
- Heavy Pedestrian Foot/Car Traffic
PROPERTY FACTS
| Total Building Size | 1,395 SF | Floors | 1 |
| Property Type | Retail | Typical Floor Size | 1,395 SF |
| Property Subtype | Year Built | 2017 | |
| Building Class | B | Lot Size | 0.05 AC |
| Zoning | CM - Commercial | ||
| Total Building Size | 1,395 SF |
| Property Type | Retail |
| Property Subtype | |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 1,395 SF |
| Year Built | 2017 |
| Lot Size | 0.05 AC |
| Zoning | CM - Commercial |
2 UNITS AVAILABLE
Unit A
| Unit Size | 798 SF | Sale Type | Investment |
| Price | $449,000 | Sale Status | Under Contract |
| Price Per SF | $562.66 | Cap Rate | 4.88% |
| Condo Use | Retail | NOI | $21,914 |
| Unit Size | 798 SF |
| Price | $449,000 |
| Price Per SF | $562.66 |
| Condo Use | Retail |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 4.88% |
| NOI | $21,914 |
DESCRIPTION
Attention buy/hold investors looking to diversify their portfolio! 65 Meridian Street offers a great opportunity to own rarely available commercial condos near the Maverick Square neighborhood of East Boston. Unit "A" is a ground floor, retail space that is currently occupied by a stable and long-term tenant. This 4-story building was gut renovated in 2019 with 6 residential condos above and next to another commercial space also offered for sale. Location has an amazing 96 walk score and high foot traffic, situated 0.3 miles from the Blue Line Maverick MBTA and next to bustling waterfront with direct access to Downtown Boston. Take advantage of the emerging East Boston market with heavy upside and consistent yearly growth opportunities.
Eagle Hill Cafe Floorplan
Eagle Hill Cafe
Eagle Hill Cafe
Eagle Hill Cafe
Unit B
| Unit Size | 597 SF | Sale Type | Investment |
| Price | $429,000 | Cap Rate | 7.81% |
| Price Per SF | $718.59 | NOI | $33,511 |
| Condo Use | Retail |
| Unit Size | 597 SF |
| Price | $429,000 |
| Price Per SF | $718.59 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.81% |
| NOI | $33,511 |
DESCRIPTION
Attention buy/hold investors looking to diversify their portfolio with commercial real estate! 65 Meridian Street offers a great opportunity to own a rarely available commercial condo near the Maverick Square neighborhood of East Boston. Unit "B" is a ground floor, retail space that is offering a 7.8% cap rate to new ownership with an established business, Boost Mobile, as an stable anchor tenant. This 4-story building was redeveloped in 2019 with 6 luxury residential condos above. This location has an amazing 96 walk score with high foot and car traffic and is ideally situated 0.3 miles from the Blue Line Maverick MBTA and next to bustling waterfront with direct access to Downtown Boston. Take advantage of the emerging East Boston market with heavy upside and consistent yearly growth opportunities.
Boost Mobile Floorplan
Boost Mobile
Boost Mobile
Boost Mobile
MAJOR TENANT INFORMATION Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Boost Mobile |
99,999 SF SF
|
Jan 0000
|
| Eagle Hill Cafe |
99,999 SF SF
|
Jan 0000
|
NEARBY MAJOR RETAILERS
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65 Meridian St - 65 Meridian St.
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