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    Brookline Commercial Development Opportunity Title is generated by Realmo AI

    115 Dummer St, Brookline, MA 02446

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    For Sale
    $8,900,000

    Versatile 18,000+ sq ft commercial property near BU.

    Type:Commercial
    Property size:
    18,000 SF
    Price / SF:
    $494/SF
    Added:
    Apr 25, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 25 at 6:19 am

    Property Features for 115 Dummer St

    General Information

    Standard status
    Active
    Size
    18,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1910

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    Listing Contact
    Shari Sklar Jacobson

    Listing agent Shari Sklar Jacobson

    Listing office Coldwell Banker Realty - Newton

    Listing date Apr 25, 2026

    Source Liongatere

    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 Coldwell Banker Realty - Newton

    HighLights

    • Exceptional commercial development opportunity in a sought‑after Brookline location near BU.
    • Expansive 18,000+ sq ft free‑standing building with flexible floor plan.
    • 10+ on‑site parking spaces, a rare amenity in this area.
    • Large drive‑in studio space (48' x 48') suitable for various creative uses.
    • Fully equipped kitchen with dedicated dining area.
    • Convenient access to public transportation, shops, restaurants, Fenway, Back Bay, I‑90, and Storrow Drive.

    Overview

    This free-standing commercial property in Brookline offers over 18,000 square feet of space. The building is situated near Boston University and features a flexible, open floor plan suitable for various commercial or creative uses. The property includes more than 10 on-site parking spaces, a fully equipped kitchen with a dedicated dining area, and a large drive-in studio space measuring 48' x 48'. It also contains multiple private offices, several conference rooms, and a reception area. The property has 4 half baths and separate entrances. Located one block from Commonwealth Avenue, the property provides convenient access to public transportation, shops, and restaurants. It is also in close proximity to Fenway, Back Bay, I-90 (Mass Pike), and Storrow Drive.

    Local 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 $976.3k $54.24
    − Vacancy −$214.8k −$11.93
    EGI $761.5k $42.31
    − OpEx −$190.4k −$10.58
    NOI $571.1k $31.73
    18,000 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $8.16M
    $7.14M – $9.52M (±1% cap)
    NOI $571,147 @ 7.0% cap · market cap 6.42%
    Second Best
    Specialty Retail
    $4.82M
    $4.21M – $5.62M (±1% cap)
    NOI $337,163 @ 7.0% cap · market cap 3.79%
    Theoretical Best
    Office A
    $10.66M
    $9.32M – $12.43M (±1% cap)
    NOI $745,915 @ 7.0% cap · market cap 8.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Video Transfer IT Consulting Firm National Boston Film Production Lo Conte 2 ... Art Gallery Rumblestrip Audio Newspaper & Magazine

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brookline
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1166902
    Latitude
    42.350384

    FAQs

    What type of property is this?
    Office building - Versatile 18,000+ sq ft commercial property near BU.
    Where is this office building located?
    The property is located at 115 Dummer St Brookline, MA.
    What is the asking price?
    The asking price for this property is $8,900,000.
    What are key features of this property?
    This property features: Exceptional commercial development opportunity in a sought‑after Brookline location near BU.; Expansive 18,000+ sq ft free‑standing building with flexible floor plan.; **10+ on‑site parking spaces**, a rare amenity in this area.
    More about this property
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