Historic Downtown Boston Retail
For Lease
$120 SF/Yr
Pending
5-7 School St, Boston, MA 02108
Turnkey restaurant space in a historic, high-traffic location.
Space SizeContact for details
Days on Market617
Property Features for 5-7 School St
General Information
Standard status
Pending
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,200
Amenities
Slate Roof
Rubber Roof
Building Details
Year Built
1899
Listing Agency:
M7 Real Estate Group
(857) 417-8344
Listed By:
Antonio J. Lopes
Source:
Corcoran
Added: Feb 12, 2025
Changed: Oct 5
Last Checked: Oct 20 at 8:57PM
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 M7 Real Estate Group
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Investment Insights
Based on property information with market context.
This 2,266 square foot ground-floor retail space is located in the heart of Downtown Crossing within the Old Corner Bookstore, a historic landmark built in 1718. The property, once home to publishers Ticknor and Fields, was saved from demolition in 1960 and remains a vibrant commercial space. It is a designated site on the Freedom Trail, Literary Trail, and Women's Heritage Trail. The turnkey restaurant space includes a walk-in cooler, two vents with black iron roof exhaust, and updated grease trap and drains from 2022. It also features two single occupant restrooms, modern electrical service, and a new gas heating system installed in 2022. With dual entrances on School Street, the location benefits from exceptional foot traffic near Government Center, Boston Common, and Beacon Hill. The property is steps from all four MBTA subway lines and over 1,000 public parking spaces.
Key Highlights
- Prime Downtown Crossing location with exceptional foot traffic and dual entrances on School Street.
- Turnkey restaurant space featuring a walk‑in cooler, two vents with black iron roof exhaust, and updated grease trap and drains (2022).
- Unbeatable accessibility: steps from all four MBTA subway lines and 1,000+ public parking spaces.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$18.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,958
Businesses Nearby
100k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Groceries 30%
Dining 22%
Home Improvements & Furnishings 14%
Whole Foods Market
Groceries
30,332 visits/mo
0.2 miles
Shell
Shops & Services
17,479 visits/mo
0.5 miles
Ninety Nine Restaurants
Dining
12,771 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,449 visits/mo
0.2 miles
Charlestown Ace
Home Improvements & Furnishings
7,903 visits/mo
0.2 miles
Demographics for 02108, MA
4,228
Population
2,473
Households
1.7
Avg Household Size
38
Median Age
77%
College-Educated
100%
High-School Grad
0.3 sq mi
ZIP Area
14,093
Density / Sq Mi
$212,664
Median Household Income
$95,688
Median Earnings
$2,692
Median Rent
$1,570,400
Median Home Value
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Market
Vacancy Rate% for Retail in Boston, MA
Frequently Asked Questions
What type of property is this?
Turn key restaurant - Turnkey restaurant space in a historic, high-traffic location.
Where is this turn key restaurant located?
The property is located at 5-7 School St Boston, MA.
What is the lease rate?
The lease rate is $120 SF/Yr.
What are key features of this property?
This property features: Prime Downtown Crossing location with exceptional foot traffic and dual entrances on School Street.; Turnkey restaurant space featuring a walk‑in cooler, two vents with black iron roof exhaust, and updated grease trap and drains (2022).; Unbeatable accessibility: steps from all four MBTA subway lines and 1,000+ public parking spaces.
