Mixed-Use Land Near Boston
114-116 North Beacon Boston, MA 02135
114-116 North Beacon, Boston, MA, 02135
$4,000,000
For Sale
$4,000,000
Land near Boston Landing and Allston Yards mixed-use developments.
Property Size7,500 SF
Price / SF$533.33
Days on Market417
Property Features for 114-116 North Beacon
General Information
- Standard status
- Active
- Size
- 7,500 SF
Building Details
- Year Built
- 1940
Listing Agency
Charlesgate Realty Group, llc
Listed by
Beatrice Bray
Source
Corcoran
Added: May 30, 2025 Updated: Mar 16 at 9:09 am Checked: Mar 16 at 9:09 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 Charlesgate Realty Group, llc
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.
Local Financial Insights For Mixed Use
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 | $315.0k | $42.00 |
| − Vacancy | −$22.1k | −$2.94 |
| EGI | $293.0k | $39.06 |
| − OpEx | −$109.9k | −$14.65 |
| NOI | $183.1k | $24.41 |
7,500 SF · lease $42.00/SF/yr · vacancy 7.00% · expense 37.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
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.
