Two-Story Storefront
For Sale
$1,400,000
01-671 Tremont St, Boston, MA 02135
Corner commercial space with multiple offices and entrances on two streets.
Property Size1,846 SF
Price / SF$758.40
Days on Market93
Property Features for 01-671 Tremont St
General Information
Standard status
Active
Size
1,846 SF
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Floor
Street Level, Lower Level
Amenities
outdoor patio
Listing Agency:
Star Residential, LLC
(317) 258-0619
Listed By:
Brett J. Star
(317) 258-0619
Source:
Exprealty
Added: May 1
Changed: Jul 31
Last Checked: Jul 31 at 4:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Star Residential, LLC
Investment Insights
Based on property information with market context.
Two-story storefront property at the corner of Pembroke and Tremont Streets, with entrances from both streets and a layout currently divided into three offices upstairs and four downstairs. The property also includes an outdoor patio shared with the upstairs neighbor.
Located in Boston’s South End neighborhood, the space sits among shops, restaurants, parks, and a library. The property is served by several major bus lines to downtown, providing access for businesses seeking a street-facing presence in an active neighborhood setting.
Located in Boston’s South End neighborhood, the space sits among shops, restaurants, parks, and a library. The property is served by several major bus lines to downtown, providing access for businesses seeking a street-facing presence in an active neighborhood setting.
Key Highlights
- Two‑story storefront property at the corner of Pembroke and Tremont Streets
- Separate entrances from both Pembroke and Tremont Streets
- Currently divided into three offices upstairs and four downstairs
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.0k | $50.40 |
| − Vacancy | −$20.5k | −$11.09 |
| EGI | $72.6k | $39.31 |
| − OpEx | −$18.1k | −$9.83 |
| NOI | $54.4k | $29.48 |
1,846 SF · lease $50.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$777.5K
$680.3K – $907.1K
NOI $54,427 @ 7.0% cap · market cap 3.89%
Second Best
Retail
$425.7K
$372.5K – $496.6K
NOI $29,796 @ 7.0% cap · market cap 2.13%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,760 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02135, MA
47,232
Population
22,519
Households
2.1
Avg Household Size
29
Median Age
71%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
18,166
Density / Sq Mi
$88,208
Median Household Income
$57,124
Median Earnings
$2,179
Median Rent
$684,000
Median Home Value
Market
Vacancy Rate% for Office in Boston, MA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner commercial space with multiple offices and entrances on two streets.
Where is this storefront property located?
The property is located at 01-671 Tremont St Boston, MA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two‑story storefront property at the corner of Pembroke and Tremont Streets; Separate entrances from both Pembroke and Tremont Streets; Currently divided into three offices upstairs and four downstairs
