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    488-490 Commonwealth Ave Boston, MA 02215

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    For Lease
    Contact for pricing

    Finished basement space near Green Line and MBTA bus terminal.

    Property size:
    5,876 SF
    Lot size:
    0.88 Acres

    Property Features for 488-490 Commonwealth Ave

    General Information

    Size
    5,876 SF
    Lot size
    0.88 Acres

    Source: CRE Brokerage Agent Joe Levanto

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

    Overview

    Kenmore Square Retail/Office Space

    Located in Kenmore Square at the corner of Commonwealth Avenue and Kenmore Street, this property offers 5,876 square feet of finished basement space suitable for office or retail use, with additional storage available. Constructed in the 1890s, the building originally served as a hotel before being converted to its current use as elderly housing in 1984, comprising 199 units. The property is situated approximately 200 feet from the Green Line’s Kenmore station and an MBTA bus terminal, providing convenient access to public transportation. The space features a direct entrance and the potential for exterior signage. Up to 6-7 on-site parking spaces are available for a monthly charge. The current layout includes 3 private offices, a large conference room, 5 large cubicles with natural light, an open space, and a full kitchen. This space is located in Kenmore Square.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0943612
    Latitude
    42.3485473

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    FAQs

    What type of property is this?
    Retail space - Finished basement space near Green Line and MBTA bus terminal.
    Where is this retail space located?
    The property is located at 488-490 Commonwealth Ave Boston, MA.
    What are key features of this property?
    This property features: - Prime Kenmore Square location at the corner of Commonwealth Ave. & Kenmore Street.; - Direct entrance to the space.; - Close proximity (approximately 200 ft) to the Green Line’s “Kenmore” station and MBTA bus terminal.
    (617) 725-0200
    Request Owner's contact information
    488-490 Commonwealth Ave Boston, MA 02215
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    Boston, MA 02215
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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
    488-490 Commonwealth Ave Boston, MA 02215
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