Retail Space in Luxury
55 Lagrange Boston, MA 02116
55 Lagrange, Boston, MA, 02116
$800,000
For Sale
$800,000
Ground-floor retail space in downtown Boston's new luxury condominium.
Property Size1,331 SF
Price / SF$601.05
Days on Market88
Property Features for 55 Lagrange
General Information
- Standard status
- Active
- Size
- 1,331 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2022
Listing agency
Boston Realty Advisors
(617) 375-7900
Listed by
Whitney Gallivan
Source
Liongatere
Added: Apr 25 Updated: Jul 10 at 1:17PM Checked: Jul 20 at 4:51AM
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 Boston Realty Advisors
Investment Insights
Based on property information with market context.
This 1,331 square foot ground-floor retail space is available for sale or lease within The Parker, a recently constructed luxury condominium building featuring 168 residences. Situated on LaGrange Street in Downtown Boston, the property benefits from high visibility and substantial pedestrian traffic. The modern construction and flexible layout make it suitable for various retail or service-oriented businesses. This offering presents a unique opportunity within a new luxury residential development, conveniently located near Boston Common, the Theater District, and Downtown Crossing.
Key Highlights
- Prime 1,331 SF ground‑floor retail space in a newly constructed luxury condominium.
- Located in Downtown Boston on LaGrange Street with strong visibility and high pedestrian traffic.
- Situated in The Parker, a new luxury condominium building with 168 residences.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.2k | $30.96 |
| − Vacancy | −$3.2k | −$2.41 |
| EGI | $38.0k | $28.55 |
| − OpEx | −$11.4k | −$8.56 |
| NOI | $26.6k | $19.98 |
1,331 SF · lease $30.96/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$379.9K
$332.4K – $443.3K
NOI $26,595 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$787.9K
$689.5K – $919.3K
NOI $55,156 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Ground-floor retail space in downtown Boston's new luxury condominium.
Where is this retail space located?
The property is located at 55 Lagrange Boston, MA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Prime 1,331 SF ground‑floor retail space in a newly constructed luxury condominium.; Located in Downtown Boston on LaGrange Street with strong visibility and high pedestrian traffic.; Situated in The Parker, a new luxury condominium building with 168 residences.
