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Freestanding Retail Building in Quincy
For Lease
$6,000/Mo

198 Parkingway, Quincy, MA 02169

Versatile retail building in downtown Quincy redevelopment zone.

Space SizeContact for details
Days on Market291

Property Features for 198 Parkingway

General Information

Standard status Active
Property subtype COMMERCIAL

Taxes and HOA fees

Annual Taxes $19,483

Building Details

Year Built 1950
Listing Agency: Keller Williams Realty
Listed By: Jing Zheng · License #9528954
Source: Donnellyandco
Added: Jan 14 Changed: Oct 31 Last Checked: Nov 1 at 2:17PM

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

Rey
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Investment Insights

Based on property information with market context.

This freestanding retail building is located in downtown Quincy, within a redevelopment zone. The location is adjacent to routes 3 and 93, and a short distance from the Quincy Center Red Line MBTA station. The building is suitable for various service businesses or retail uses. Quincy has been undergoing a transformation due to public and private investments.

Key Highlights

  • Prime location in the heart of downtown Quincy's redevelopment zone.
  • Versatile freestanding retail building suitable for various service businesses or retail uses.
  • Close proximity to Routes 3 & 93, providing excellent accessibility.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Cosmetic Store Tattoo & Piercing Shop Veterinary Clinic (Bike/Boat/Book/etc) Store

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,439
Businesses Nearby
213k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 37% Groceries 25% Dining 19% Apparel 17%
Star Market Groceries
53,420 visits/mo 0.1 miles
T.J. Maxx Apparel
36,450 visits/mo 0.2 miles
Dollar Tree Shops & Services
29,166 visits/mo 0.2 miles
Burger King Dining
15,523 visits/mo 0.2 miles
Party City Shops & Services
12,852 visits/mo 0.1 miles

Demographics for 02169, MA

62,140
Population
30,198
Households
2.1
Avg Household Size
39
Median Age
48%
College-Educated
92%
High-School Grad
12.1 sq mi
ZIP Area
5,136
Density / Sq Mi
$92,080
Median Household Income
$60,166
Median Earnings
$1,975
Median Rent
$552,200
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 Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Versatile retail building in downtown Quincy redevelopment zone.
Where is this retail space located?
The property is located at 198 Parkingway Quincy, MA.
What is the lease rate?
The lease rate is $6,000/Mo.
What are key features of this property?
This property features: Prime location in the heart of downtown Quincy's redevelopment zone.; Versatile freestanding retail building suitable for various service businesses or retail uses.; Close proximity to Routes 3 & 93, providing excellent accessibility.
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