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65 Meridian St - 65 Meridian St. 597 SF Retail Condo Unit Offered at $429,000 in Boston, MA 02128
Investment Highlights
- Commercial Business District
- Strong Cap Rate or Owner Occupancy Option
- Heavy Pedestrian Foot/Car Traffic
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.81% |
| Sale Type | Investment |
| Cap Rate | 7.81% |
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit B | 597 SF | Retail | $429,000 ($718.59/SF) | $33,511 |
Unit B
| Unit Size |
| 597 SF |
| Condo Use |
| Retail |
| Price |
| $429,000 ($718.59/SF) |
| NOI |
| $33,511 |
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Unit B
| Unit Size | 597 SF |
| Condo Use | Retail |
| Price | $429,000 ($718.59/SF) |
| NOI | $33,511 |
| Sale Type | Investment |
| Cap Rate | 7.81% |
| 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.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 1,395 SF | Floors | 1 |
| Property Type | Retail (Condo) | 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 (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 1,395 SF |
| Year Built | 2017 |
| Lot Size | 0.05 AC |
| Zoning | CM - Commercial |
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100
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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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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65 Meridian St - 65 Meridian St.
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