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1002 Beacon St 9,336 SF 100% Leased Retail Building Brookline, MA 02446 $6,650,000 ($712.30/SF) 4.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Investment opportunity on Corner Lot!
EXECUTIVE SUMMARY
Mixed-use building (a restaurant and an apartment) in bustling Brookline. The coveted retail segment is under lease with a very successful national multi-locations operator. Restaurant recent $2 million-plus buildout. All equipment and installed furniture as well as 1am Brookline full liquor license stays with property at end of lease. Some of equipment including walk-in fridge and freezer, elevator to basement for deliveries, and fully built out patio area (another 600 sf. not included in calculations). Restaurant signed a 5 year NNN lease in October of 2022. Spacious 3BR/1.5BA condo has an entertainment-size living/dining room bathed in natural light from the sliding glass doors leading to a fabulous, private walk-out roof patio over 1000 sf. Italian-designed kitchen with custom built-in cabinets, wide countertops with breakfast bar and highend appliances. The king-sized master bedroom includes double closets and en suite half bath. In-unit laundry. Steps to MBTA Greenline (B,C,D) Stops, BU, Coolidge Corner, Fenway/Kenmore, Longwood Medical & More!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,336 SF
Building Class
C
Year Built
1940
Price
$6,650,000
Price Per SF
$712.30
Cap Rate
4.90%
NOI
$325,850
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.95
Lot Size
0.11 AC
Zoning
L10 - low-density residential development
Frontage
44’ on Beacon St
AMENITIES
- Bus Line
- Corner Lot
- Metro/Subway
- Restaurant
- Security System
- Air Conditioning
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (85)
Bike Score®
Biker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | BROO-000001-000001 | Improvements Assessment | $3,417,500 |
| Land Assessment | $1,202,200 | Total Assessment | $4,619,700 |
PROPERTY TAXES
Parcel Number
BROO-000001-000001
Land Assessment
$1,202,200
Improvements Assessment
$3,417,500
Total Assessment
$4,619,700
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1002 Beacon St
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