Street-Level Storefront
For Sale
$1,625,000
100-185 Devonshire St, Boston, MA 02110
Flexible commercial condominium with direct street access, signage, basement storage, and substantial existing building infrastructure.
Property Size3,529 SF
Price / SF$460.47
Days on Market78
Property Features for 100-185 Devonshire St
General Information
Standard status
Active
Size
3,529 SF
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Floor
Ground
Office Units
1
Amenities
two direct street entrances
prominent signage
basement storage
three HVAC units (10 tons total)
significant electrical upgrades
existing plumbing
grease trap
Listing Agency:
Conviser Property Group, Inc.
(617) 593-1700
Listed By:
Dmitriy Shnitman
(617) 953-9892
Source:
Exprealty
Added: Jul 21
Changed: Oct 2
Last Checked: Oct 5 at 7:12PM
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 Conviser Property Group, Inc.
Investment Insights
Based on property information with market context.
This 3,529-square-foot street-level commercial condominium occupies Unit 100 at 185 Devonshire Street. The space is recently vacated and configured for immediate occupancy, with a flexible layout, two separate street entrances, prominent signage, and basement storage. Existing improvements include three HVAC units totaling 10 tons, electrical upgrades, plumbing, and a grease trap.
The property is situated in Boston’s Financial District, within walking distance of Downtown Crossing, Post Office Square, and multiple MBTA lines. Its storefront configuration and existing infrastructure support a range of commercial end uses, including medical, restaurant, retail, and fitness operations.
The property is situated in Boston’s Financial District, within walking distance of Downtown Crossing, Post Office Square, and multiple MBTA lines. Its storefront configuration and existing infrastructure support a range of commercial end uses, including medical, restaurant, retail, and fitness operations.
Key Highlights
- 3,529 SF street‑level commercial condominium at 185 Devonshire Street, Unit 100
- Two direct street entrances and prominent signage
- Three HVAC units with 10 tons of total capacity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,960
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,139,200
$1.1M
Cap Rate 7%
$813,714
$813.7K
Cap Rate 9%
$632,889
$632.9K
Market Conditions
NOI Build-Up for 3,529 SF
Gross rent
$88.9K $25.20/SF
− Vacancy
−$7.6K −$2.14/SF
EGI
$81.4K $23.06/SF
− OpEx
−$24.4K −$6.92/SF
NOI
$57.0K $16.14/SF
Area
Boston, MA
Vacancy
8.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,139,200
Cap Rate 7%
$813,714
Cap Rate 9%
$632,889
Alternative Uses
Best Use
Retail
$813.7K
$712.0K – $949.3K
NOI $56,960 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,976 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
28,783
Businesses Nearby
122k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 55%
Dining 27%
Beauty & Spa 11%
Groceries 5%
McDonald's
Dining
31,271 visits/mo
0.3 miles
Moxy Boston Downtown
Hotels & Casinos
26,386 visits/mo
0.5 miles
Boston Marriott Long Wharf
Hotels & Casinos
25,424 visits/mo
0.5 miles
Marriott Vacation Club Pulse at Custom House, Boston
Hotels & Casinos
15,363 visits/mo
0.3 miles
Sephora
Beauty & Spa
13,861 visits/mo
0.3 miles
Demographics for 02110, MA
2,921
Population
1,563
Households
1.9
Avg Household Size
49
Median Age
85%
College-Educated
99%
High-School Grad
0.2 sq mi
ZIP Area
14,605
Density / Sq Mi
$132,239
Median Household Income
$111,227
Median Earnings
$3,142
Median Rent
$1,104,700
Median Home Value
Market
Vacancy Rate% for Retail in Boston, MA
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial condominium with direct street access, signage, basement storage, and substantial existing building infrastructure.
Where is this storefront property located?
The property is located at 100-185 Devonshire St Boston, MA.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: 3,529 SF street‑level commercial condominium at 185 Devonshire Street, Unit 100; Two direct street entrances and prominent signage; Three HVAC units with 10 tons of total capacity
