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    859-863 Washington St Boston, MA 02124

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    For Sale
    $1,550,000

    Two-tenant commercial building with long-term leases and redevelopment potential.

    Lot size:
    0.20 Acres

    Property Features for 859-863 Washington St

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1925

    Source: Gibson Sotheby's International Realty Agent Anthony Bruno

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

    Overview

    Dorchester Commercial Building For Sale

    Located on Washington Street in Dorchester, this commercial building offers an investment opportunity. The 3,465 square foot building is situated on an 8,752 square foot lot and includes on-site parking behind the building. The property is divided into two commercial spaces, currently leased to a liquor store and a pizza shop, each with a full basement. The liquor store's lease extends through November 30, 2033, with rent increases scheduled every two years. The current rent for the liquor store is $6,600 per month, increasing to $6,900 per month on December 1, 2025. The pizza shop's lease runs through August 31, 2033, with annual rent increases. The current rent for the pizza shop is $2,500 per month. As of December 1, 2025, the gross income based on combined rents is $112,800. The roof is approximately 12 years old. The large lot may offer future redevelopment potential.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    Patrycya's custom arrangements

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.071337
    Latitude
    42.281651

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    FAQs

    What type of property is this?
    Storefront property - Two-tenant commercial building with long-term leases and redevelopment potential.
    Where is this storefront property located?
    The property is located at 859-863 Washington St Boston, MA.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - High gross income of $112,800 from existing tenants.; - Long-term leases in place for both tenants extending to 2033.; - Located on busy Washington Street in Dorchester.
    (781) 710-4544
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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
    859-863 Washington St Boston, MA 02124
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