Retail Space with Salon
For Sale
Contact for pricing
123 South St, Boston, MA 02111
A first-floor suite includes an open work area, a separate treatment room, and a bathroom.
Property Size1,500 SF
Price / SF$0.03
Days on Market9
Property Features for 123 South St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Site & Location
Neighborhood
Chinatown
Additional Details
Floor
1
Amenities
open work area
private treatment room
bathroom
Building Details
Year Built
1900
Listing Agency:
Tucker Real Estate Advisors, Inc.
Listed By:
Dodge Tucker
(603) 828-1384
Source:
Lockandkeyre
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 8:21AM
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 Tucker Real Estate Advisors, Inc.
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Investment Insights
Based on property information with market context.
This 1,500-square-foot, first-floor retail space is configured with an open work area, a private treatment room, and a bathroom. A large street-facing window brings visibility to the storefront. The building dates to 1900.
The property is at 123 South St in Boston’s Leather District, near South Station and its commuter rail, subway, and bus connections. The Financial District, Chinatown, and Seaport are also within reach.
The property is at 123 South St in Boston’s Leather District, near South Station and its commuter rail, subway, and bus connections. The Financial District, Chinatown, and Seaport are also within reach.
Key Highlights
- 1,500 SF of first‑floor retail space
- Existing salon configuration with an open work area and private treatment room
- Bathroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,211
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,220
$484.2K
Cap Rate 7%
$345,871
$345.9K
Cap Rate 9%
$269,011
$269.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$37.8K $25.20/SF
− Vacancy
−$3.2K −$2.14/SF
EGI
$34.6K $23.06/SF
− OpEx
−$10.4K −$6.92/SF
NOI
$24.2K $16.14/SF
Area
Boston, MA
Vacancy
8.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,220
Cap Rate 7%
$345,871
Cap Rate 9%
$269,011
Alternative Uses
Best Use
Retail
$345.9K
$302.6K – $403.5K
NOI $24,211 @ 7.0% cap · market cap 63,713.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$982.8K – $1.31M
NOI $78,624 @ 7.0% cap · market cap 206,905.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20,263
Businesses Nearby
126k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Hotels & Casinos 33%
Dining 26%
Shops & Services 1%
Whole Foods Market
Groceries
43,710 visits/mo
0.5 miles
McDonald's
Dining
31,271 visits/mo
0.4 miles
Moxy Boston Downtown
Hotels & Casinos
26,386 visits/mo
0.3 miles
DoubleTree by Hilton Hotel Boston - Downtown
Hotels & Casinos
15,586 visits/mo
0.4 miles
Marsh
Groceries
5,564 visits/mo
0.3 miles
Demographics for 02111, MA
9,716
Population
4,535
Households
2.1
Avg Household Size
34
Median Age
57%
College-Educated
83%
High-School Grad
0.2 sq mi
ZIP Area
48,580
Density / Sq Mi
$70,865
Median Household Income
$42,225
Median Earnings
$1,994
Median Rent
$953,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Boston, MA
Frequently Asked Questions
What type of property is this?
Retail space - A first-floor suite includes an open work area, a separate treatment room, and a bathroom.
Where is this retail space located?
The property is located at 123 South St Boston, MA.
What are key features of this property?
This property features: 1,500 SF of first‑floor retail space; Existing salon configuration with an open work area and private treatment room; Bathroom included
