59 Meridian St 18,608 SF 73% Leased Office Building East Boston, MA 02128 $3,900,000 ($209.59/SF)

Prime redevelopment and value-add opportunity in the heart of East Boston at 59–63 Meridian Street, with an additional entrance at 82 Paris Street—steps from Maverick Square and minutes from the sought-after Jeffries Point waterfront. This three-story commercial/mixed-use asset spans approximately 14,000 SF and offers significant upside for developers, investors, and owner-users seeking both in-place revenue and long-term appreciation.
Current ownership has conceptual redevelopment plans already in place, providing a head start for builders and developers ready to move efficiently while retaining flexibility to refine, expand, or reposition the vision. MU-5 zoning allows for a broad range of business uses and supports building heights up to five floors creating potential for residential, residential-over-retail, medical, or creative commercial development.
The property benefits from existing cash flow, including two leased retail storefronts along Meridian Street and a ground-floor leased office suite with a dedicated entrance at 82 Paris Street, helping offset operating costs during the planning phase. The entire second and third floors are vacant, presenting a blank canvas for adaptive reuse, phased redevelopment, or full repositioning. Multiple access points via elevator and stairwell from Paris Street, along with street-level stair access from Meridian Street, provide exceptional flexibility for future layouts and mixed-use configurations.
Located approximately 0.3 miles from the Maverick MBTA Station and moments from the East Boston waterfront, ferry service to Downtown Boston, and major neighborhood amenities, the property is positioned within one of Boston’s most active and rapidly evolving markets. Surrounded by ongoing and planned development, the area continues to demonstrate strong demand, limited inventory, and compelling long-term growth fundamentals.

A rare opportunity to secure zoning flexibility, existing revenue, and substantial redevelopment potential in a proven East Boston corridor. With development momentum accelerating throughout the neighborhood, this asset is well-positioned to deliver strong returns today and meaningful upside tomorrow.
Financial disclosure available upon request.