Street-Level Retail
For Sale
$625,000
1421-1425 Centre St, Boston, MA 02132
Established commercial corridor setting with broad display windows, pedestrian activity, vehicle traffic, and nearby public transportation.
Property Size1,940 SF
Days on Market49
Property Features for 1421-1425 Centre St
General Information
Standard status
Active
Size
1,940 SF
Property subtype
Commercial
Lease Term
Existing Lease Type: Net
Building Details
Building Size
1,940 SF
Year Built
1940
Listing Agency:
Boston Plex
Listed By:
Daniel S. Lee · License #9522018
(617) 899-8529
Source:
Iverty
Added: Sep 3
Changed: Oct 19
Last Checked: Oct 20 at 10:26PM
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 Plex
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Investment Insights
Based on property information with market context.
This storefront retail property at 1421-1425 Centre St includes large front windows and is currently occupied by a laundry business. Built in 1940, the space is positioned along a walk-up commercial corridor serving West Roxbury’s business district.
The surrounding setting includes local shops, service businesses, and neighborhood restaurants, with pedestrian and vehicle activity throughout the day. Public transportation is nearby, and the property is accessible from Newton, Brookline, Jamaica Plain, Roslindale, Hyde Park, and Dedham. Showings require advance notice and are accompanied.
The surrounding setting includes local shops, service businesses, and neighborhood restaurants, with pedestrian and vehicle activity throughout the day. Public transportation is nearby, and the property is accessible from Newton, Brookline, Jamaica Plain, Roslindale, Hyde Park, and Dedham. Showings require advance notice and are accompanied.
Key Highlights
- Large front windows provide storefront display area
- Currently occupied by a laundry business
- Located at 1421‑1425 Centre St, Boston, MA 02132
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,313
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,260
$626.3K
Cap Rate 7%
$447,329
$447.3K
Cap Rate 9%
$347,922
$347.9K
Market Conditions
NOI Build-Up for 1,940 SF
Gross rent
$48.9K $25.20/SF
− Vacancy
−$4.2K −$2.14/SF
EGI
$44.7K $23.06/SF
− OpEx
−$13.4K −$6.92/SF
NOI
$31.3K $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%
$626,260
Cap Rate 7%
$447,329
Cap Rate 9%
$347,922
Alternative Uses
Best Use
Retail
$447.3K
$391.4K – $521.9K
NOI $31,313 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,687 @ 7.0% cap · market cap 16.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
5,773 visits/mo
0.0 miles
Demographics for 02132, MA
27,111
Population
11,967
Households
2.3
Avg Household Size
44
Median Age
64%
College-Educated
95%
High-School Grad
4.9 sq mi
ZIP Area
5,533
Density / Sq Mi
$139,545
Median Household Income
$75,760
Median Earnings
$2,140
Median Rent
$714,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Boston, MA
Similar Off Market Nearby
- The Centerpiece Flower Shop — 44 Belgrade Ave, Boston, MA 02131
- Ferns by Sheila Cobb — 1590 Centre St, Roslindale, MA 02131
Frequently Asked Questions
What type of property is this?
Storefront property - Established commercial corridor setting with broad display windows, pedestrian activity, vehicle traffic, and nearby public transportation.
Where is this storefront property located?
The property is located at 1421-1425 Centre St Boston, MA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Large front windows provide storefront display area; Currently occupied by a laundry business; Located at 1421‑1425 Centre St, Boston, MA 02132
