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Two-Level Storefront Property
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1733 Centre Street, Boston, MA 02132

Ground-floor commercial area is complemented by an open lower level for a flexible business configuration.

Property Size3,362 SF
Price / SF$1.49
Days on Market8

Property Features for 1733 Centre Street

General Information

Standard status Active
Size 3,362 SF
Property subtype Commercial

Site & Location

Neighborhood Mission Hill

Additional Details

Property Use Office

Building Details

Year Built 1930
Listing Agency: Keller Williams Realty
Listed By: Brian Kenneally · License #9014412
Source: Lockandkeyre
Added: Oct 22 Changed: Oct 28 Last Checked: Oct 28 at 3:11PM

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 Keller Williams Realty

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Investment Insights

Based on property information with market context.

This 3,362-square-foot storefront at 1733 Centre Street is arranged over two levels, with commercial space at street level and an open lower floor. The building dates to 1930. The layout accommodates a range of business uses, including retail, professional services, medical practices, fitness, and beauty businesses.

The property is in West Roxbury, near the Belgrade Avenue and Centre Street intersection and across from West on Centre restaurant. Its Centre Street address places it within the neighborhood’s shopping and dining district.

Key Highlights

  • 3,362 square feet arranged over two levels
  • Street‑level commercial area with an open lower floor
  • Built in 1930

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$54,265
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,300 $1.1M
Cap Rate 7%
$775,214 $775.2K
Cap Rate 9%
$602,944 $602.9K
Market Conditions
NOI Build-Up for 3,362 SF
Gross rent
$84.7K $25.20/SF
− Vacancy
−$7.2K −$2.14/SF
EGI
$77.5K $23.06/SF
− OpEx
−$23.3K −$6.92/SF
NOI
$54.3K $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%
$1,085,300
Cap Rate 7%
$775,214
Cap Rate 9%
$602,944

Alternative Uses

Best Use
Retail
$775.2K
$678.3K – $904.4K (±1% cap)
NOI $54,265 @ 7.0% cap · market cap 1,086.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M (±1% cap)
NOI $176,223 @ 7.0% cap · market cap 3,527.99%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Accounting Firm Big Box & Wholesale Store HVAC Service Auto Parts Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,768
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 58% Shops & Services 17% Dining 12% Electronics 8%
Stop & Shop Groceries
33,234 visits/mo 0.3 miles
Bank of America Shops & Services
7,955 visits/mo 0.4 miles
Dunkin' Donuts Dining
7,018 visits/mo 0.4 miles
T-Mobile Electronics
3,087 visits/mo 0.3 miles
Rainbow Apparel
2,699 visits/mo 0.3 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

Market

Vacancy Rate% for Retail in Boston, MA

3.9% 2019
4.6% 2020
4.2% 2021
4% 2022
3.5% 2023
3.2% 2024
3.8% 2025

Similar Off Market Nearby

  • Fitts Flowers — 12 Catawba St, Boston, MA 02119
  • LovelyLee's Arrangements Inc — P. I. Box 191120, Roxbury, MA 02119

Frequently Asked Questions

What type of property is this?
Storefront property - Ground-floor commercial area is complemented by an open lower level for a flexible business configuration.
Where is this storefront property located?
The property is located at 1733 Centre Street Boston, MA.
What are key features of this property?
This property features: 3,362 square feet arranged over two levels; Street‑level commercial area with an open lower floor; Built in 1930
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