Street-Level Retail Condominium
185 Devonshire St Boston, MA 02110
New
For Sale
Contact for pricing
Street-level commercial condominium features two direct-to-street storefronts with prominent signage and basement storage.
Property Size3,529 SF
Price / SF$481.72
Days on Market7
Property Features for 185 Devonshire St
General Information
Standard status
Active
Size
3,529 SF
Property subtype
RETAIL
Listing Agency:
Conviser Property Group
(617) 953-9892
Listed By:
Dmitriy Shnitman
(617) 953-9892
Source:
Moodyscre
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 28 at 9:36AM
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 Conviser Property Group
Investment Insights
Based on property information with market context.
Conviser Property Group is pleased to exclusively offer for sale 185 Devonshire Street, Unit 100, a street-level commercial condominium of approximately 3,529 square feet in Boston’s Financial District. The space is currently configured as two direct-to-street storefronts, each with a separate entrance, prominent signage, and a basement storage area.
A non-load-bearing wall creates flexibility for the unit to operate either as two separate suites or as one contiguous flagship space. Existing improvements include multiple HVAC units totaling approximately 10 tons, substantial electrical capacity upgrades, and a greasetrap.
The property is positioned at the entrance to the historic Unity Building and is described as having exceptional frontage and visibility. It is within the Financial District and provides immediate access to Downtown Crossing and several nearby transit options, including four MBTA transit lines, supporting consistent pedestrian traffic for retail, medical, and service-oriented uses, subject to applicable approvals.
A non-load-bearing wall creates flexibility for the unit to operate either as two separate suites or as one contiguous flagship space. Existing improvements include multiple HVAC units totaling approximately 10 tons, substantial electrical capacity upgrades, and a greasetrap.
The property is positioned at the entrance to the historic Unity Building and is described as having exceptional frontage and visibility. It is within the Financial District and provides immediate access to Downtown Crossing and several nearby transit options, including four MBTA transit lines, supporting consistent pedestrian traffic for retail, medical, and service-oriented uses, subject to applicable approvals.
Key Highlights
- 3,529 SF street‑level commercial condo with two direct‑to‑street storefronts, each with separate entrances
- Exceptional frontage and visibility at the entrance to the historic Unity Building, with prominent signage
- Non‑load‑bearing wall layout allows use as two separate suites or one contiguous flagship location
Financial Insights For Office B
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 | $177.9k | $50.40 |
| − Vacancy | −$39.1k | −$11.09 |
| EGI | $138.7k | $39.31 |
| − OpEx | −$34.7k | −$9.83 |
| NOI | $104.0k | $29.48 |
3,529 SF · lease $50.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.49M
$1.30M – $1.73M
NOI $104,049 @ 7.0% cap · market cap 6.12%
Second Best
Healthcare Medical
$1.02M
$895.7K – $1.19M
NOI $71,653 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,976 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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- Bella Florist — 125 Charles St S, Boston, MA 02116
Frequently Asked Questions
What type of property is this?
Storefront property - Street-level commercial condominium features two direct-to-street storefronts with prominent signage and basement storage.
Where is this storefront property located?
The property is located at 185 Devonshire St Boston, MA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 3,529 SF street‑level commercial condo with two direct‑to‑street storefronts, each with separate entrances; Exceptional frontage and visibility at the entrance to the historic Unity Building, with prominent signage; Non‑load‑bearing wall layout allows use as two separate suites or one contiguous flagship location
