Two-Level Storefront
1948-1950 Centre Street, Boston, MA 02132
For Sale
Contact for pricing
The layout combines ground-floor commercial area with a lower level containing rooms, storage, and laundry hookups.
Property Size3,000 SF
Price / SF$1.67
Days on Market50
Property Features for 1948-1950 Centre Street
General Information
Standard status
Size
Site & Location
Neighborhood
Amenities
storage
laundry hookups
Building Details
Year Built
Listing Agency:
eXp Realty LLC - Corporate Office
(888) 854-7493
Listed By:
Revelution Group
(617) 575-2200
Source:
Lockandkeyre
Added: Sep 22
Changed: Nov 8
Last Checked: Nov 10 at 7:48AM
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 eXp Realty LLC - Corporate Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1948-1950 Centre Street, this storefront property provides approximately 3,000 SF on two levels. The ground floor is configured for commercial activity, while the lower level includes several rooms, storage, and laundry hookups. Existing plumbing, drainage, and ventilation are also in place. The property was built in 1950 and previously housed a dry-cleaning operation.
CVS and the West Roxbury Branch Library are directly opposite the property on Centre Street, within West Roxbury’s Main Streets business district.
CVS and the West Roxbury Branch Library are directly opposite the property on Centre Street, within West Roxbury’s Main Streets business district.
Key Highlights
- Approximately 3,000 SF arranged over two levels
- Lower level has multiple rooms, storage, and laundry hookups
- Existing plumbing, drainage, and ventilation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,422
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,440
$968.4K
Cap Rate 7%
$691,743
$691.7K
Cap Rate 9%
$538,022
$538.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$75.6K $25.20/SF
− Vacancy
−$6.4K −$2.14/SF
EGI
$69.2K $23.06/SF
− OpEx
−$20.8K −$6.92/SF
NOI
$48.4K $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%
$968,440
Cap Rate 7%
$691,743
Cap Rate 9%
$538,022
Alternative Uses
Best Use
Retail
$691.7K
$605.3K – $807.0K
NOI $48,422 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,248 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,768
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$714,000
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in Boston, MA
Properties on Market for Storefront properties in Boston
Vacancy Rate% for Retail in Boston, MA
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 - The layout combines ground-floor commercial area with a lower level containing rooms, storage, and laundry hookups.
Where is this storefront property located?
The property is located at 1948-1950 Centre Street Boston, MA.
What are key features of this property?
This property features: Approximately 3,000 SF arranged over two levels; Lower level has multiple rooms, storage, and laundry hookups; Existing plumbing, drainage, and ventilation
