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    40 Central Sq Boston, MA 02128

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    For Lease
    $60 SF/Yr ($15,000 /Mo)

    New construction retail/office space in rapidly gentrifying East Boston.

    Property size:
    3,000 SF
    Lot size:
    0.09 Acres

    Property Features for 40 Central Sq

    General Information

    Size
    3,000 SF
    Lot size
    0.09 Acres

    Source: Centre Realty Group Agent Matt Javitch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Boston Retail/Office Space

    Located at 40 William C Kelly Square, also known as 215 Border Street, this new construction building features an open concept floor plan and elevator access. The property benefits from high traffic volume and supporting retail in close proximity. Situated in the rapidly gentrifying East Boston neighborhood, the property offers a prime opportunity for tenants looking to establish themselves in a dynamic and evolving market. The space is well-suited for a variety of retail or office uses. The property features large windows for natural light, high ceilings, modern finishes and fixtures, and an open floor plan for flexible layout. It also offers a central location for accessibility, high foot traffic for visibility, proximity to public transportation, signage opportunity for branding, and security features.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0394212
    Latitude
    42.3756174

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    FAQs

    What type of property is this?
    Retail space - New construction retail/office space in rapidly gentrifying East Boston.
    Where is this retail space located?
    The property is located at 40 Central Sq Boston, MA.
    What is the lease rate?
    The lease rate is $60 SF/Yr.
    What are key features of this property?
    This property features: - High foot traffic and excellent visibility in a central location.; - Open floor plan and high ceilings create a spacious and flexible environment.; - New construction with modern finishes and fixtures.
    (617) 332-0077
    Request Owner's contact information
    40 Central Sq Boston, MA 02128
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 Central Sq Boston, MA 02128
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