Mixed-Use Land Near Boston
For Sale
$4,000,000
114-116 North Beacon, Boston, MA 02135
Land near Boston Landing and Allston Yards mixed-use developments.
Property Size7,500 SF
Price / SF$533.33
Days on Market508
Property Features for 114-116 North Beacon
General Information
Standard status
Active
Size
7,500 SF
Taxes and HOA fees
Annual Taxes
$49,000
Building Details
Year Built
1940
Listing Agency:
Charlesgate Realty Group, llc
Listed By:
Beatrice Bray
Source:
Corcoran
Added: May 30, 2025
Changed: Mar 16
Last Checked: Apr 13 at 3:53PM
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 Charlesgate Realty Group, llc
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Investment Insights
Based on property information with market context.
The property at 114-116 North Beacon Street is located within walking distance of Boston Landing, a mixed-use development in the Allston-Brighton neighborhood. Boston Landing, situated adjacent to the Massachusetts Turnpike (I-90) and approximately 4 miles west of downtown Boston, features office spaces, high-end residential units, retail establishments, and sports facilities. The Boston Landing Station, a commuter rail station on the Framingham/Worcester Line, is a notable feature. It is also home to the New Balance World Headquarters, which includes the Warrior Ice Arena (a practice facility for the Boston Bruins) and the Auerbach Center (the Boston Celtics practice facility). The property is also located 0.25 miles away from Allston Yards, a large-scale mixed-use development currently under construction that will include residential, commercial, retail, and recreational spaces. The property consists of three contiguous parcels, totaling 15,709 square feet of land.
Key Highlights
- Proximity to Boston Landing, a mixed‑use development.
- Close to the Boston Landing Station (Framingham/Worcester Line).
- Near the New Balance World Headquarters, Warrior Ice Arena, and Auerbach Center.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,094
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,661,880
$3.7M
Cap Rate 7%
$2,615,629
$2.6M
Cap Rate 9%
$2,034,378
$2.0M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$315.0K $42.00/SF
− Vacancy
−$22.1K −$2.94/SF
EGI
$293.0K $39.06/SF
− OpEx
−$109.9K −$14.65/SF
NOI
$183.1K $24.41/SF
Area
Boston, MA
Vacancy
7.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,661,880
Cap Rate 7%
$2,615,629
Cap Rate 9%
$2,034,378
Alternative Uses
Best Use
Mixed Use
$2.62M
$2.29M – $3.05M
NOI $183,094 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.62M
$4.91M – $6.55M
NOI $393,120 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Commercial land - Land near Boston Landing and Allston Yards mixed-use developments.
Where is this commercial land located?
The property is located at 114-116 North Beacon Boston, MA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Proximity to Boston Landing, a mixed‑use development.; Close to the Boston Landing Station (Framingham/Worcester Line).; Near the New Balance World Headquarters, Warrior Ice Arena, and Auerbach Center.
