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65 Meridian St - 65 Meridian St. 597 SF Retail Condo Unit Offered at $399,000 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 | 8.50% |
| Sale Type | Investment |
| Cap Rate | 8.50% |
Description
Attention buy/hold investors looking to diversify their portfolio! 65 Meridian Street #B offers a great opportunity to own a rarely available commercial condo near the Maverick Square neighborhood of East Boston. This ground floor, retail space is currently occupied by Boost Mobile with a lease ending 12/30/2029, offering a 8.5% cap rate. This 4-story, 8 unit, mixed use building was constructed in 2019 with an amazing 96 walk score and high foot traffic, located 0.2 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 commercial market with heavy upside.
Sale Notes
Modified Gross Lease: Tenants pay separately metered utilities, Owner pays condo fees and taxes. Current rent is $3735/month with lease ending 12/30/2029
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit B | 597 SF | Retail | $399,000 ($668.34/SF) | $33,913 |
Unit B
| Unit Size |
| 597 SF |
| Condo Use |
| Retail |
| Price |
| $399,000 ($668.34/SF) |
| NOI |
| $33,913 |
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Unit B
| Unit Size | 597 SF |
| Condo Use | Retail |
| Price | $399,000 ($668.34/SF) |
| NOI | $33,913 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Description | |
| Attention buy/hold investors looking to diversify their portfolio! 65 Meridian Street #B offers a great opportunity to own a rarely available commercial condo near the Maverick Square neighborhood of East Boston. This ground floor, retail space is currently occupied by Boost Mobile with a lease ending 12/30/2029, offering a 8.5% cap rate. This 4-story, 8 unit, mixed use building was constructed in 2019 with an amazing 96 walk score and high foot traffic, located 0.2 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 commercial market with heavy upside.</li></ul> | |
| Sale Notes | |
| Modified Gross Lease: Tenants pay separately metered utilities, Owner pays condo fees and taxes. Current rent is $3735/month with lease ending 12/30/2029</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
Contact the Sale Advisor
65 Meridian St - 65 Meridian St.