Mixed-Use Building with Leased
11-17 Newbury Street Quincy, MA 02171
New
11-17 Newbury Street, Quincy, MA, 02171
$2,500,000
For Sale
$2,500,000
Five commercial units with four leases in place through 2031 and one vacant unit for immediate leasing or occupancy.
Property Size13,976 SF
Price / SF$178.88
Days on Market6
Property Features for 11-17 Newbury Street
General Information
- Standard status
- Active
- Size
- 13,976 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing Agency
William Raveis R.E. & Home Services
Listed by
Rebecca Huang
(617) 396-3100
Source
Longwoodresidential
Added: Jul 12 Checked: Jul 17 at 2:40 am
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 William Raveis R.E. & Home Services
Investment Insights
Based on property information with market context.
This mixed-use property includes five commercial units, with four currently leased through 2031 for long-term rental income, and one vacant unit offering immediate leasing or owner-occupancy flexibility. The property has a history of development planning, with prior approval for an 18-unit residential development in 2021. The buyer will need to complete due diligence regarding all permits, approvals, and any redevelopment potential.
Located just minutes from the MBTA station, with access to major highways as well as nearby shopping, restaurants, and Quincy's downtown and business district, the site is positioned for convenient customer and commuter access.
As presented, the asset combines near-term income from the existing leased units with an opportunity to explore redevelopment options through the previously approved residential plan, subject to verification of current requirements and approvals.
Located just minutes from the MBTA station, with access to major highways as well as nearby shopping, restaurants, and Quincy's downtown and business district, the site is positioned for convenient customer and commuter access.
As presented, the asset combines near-term income from the existing leased units with an opportunity to explore redevelopment options through the previously approved residential plan, subject to verification of current requirements and approvals.
Key Highlights
- Mixed‑use property built in 1930 with five commercial units
- Four commercial units are leased through 2031, providing long‑term rental income
- One commercial unit is vacant, offering immediate leasing or owner‑occupancy flexibility
Local Financial Insights For Retail
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 | $335.4k | $24.00 |
| − Vacancy | −$13.4k | −$0.96 |
| EGI | $322.0k | $23.04 |
| − OpEx | −$96.6k | −$6.91 |
| NOI | $225.4k | $16.13 |
13,976 SF · lease $24.00/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$3.82M
$3.34M – $4.45M
NOI $267,081 @ 7.0% cap · market cap 10.68%
Second Best
Retail
$3.22M
$2.82M – $3.76M
NOI $225,405 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$8.26M
$7.23M – $9.64M
NOI $578,271 @ 7.0% cap · market cap 23.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Trust 1 Services ...
Plumbing Service
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FAQs
What type of property is this?
Mixed-use property - Five commercial units with four leases in place through 2031 and one vacant unit for immediate leasing or occupancy.
Where is this mixed-use property located?
The property is located at 11-17 Newbury Street Quincy, MA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Mixed‑use property built in 1930 with five commercial units; Four commercial units are leased through 2031, providing long‑term rental income; One commercial unit is vacant, offering immediate leasing or owner‑occupancy flexibility
