Building Details

Building Size 7,462 SF

Year Built 1910

Listing Agency: Keller Williams Realty Boston-Metro | Back Bay Show Phone

Listed By: Lindsey & Associates Realty Team Show Phone

Source: Churchillprop

Added: Apr 13 Changed: Oct 1 Last Checked: Oct 4 at 8:09AM

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Investment Insights

Based on property information with market context.

This is a rare opportunity to acquire a ZBA-approved 22-unit mixed-use development site at 2-8 Bowdoin Street, Dorchester, situated in the rapidly growing Four Corners/Fairmount corridor. The project is approved for approximately 33,452 square feet. Plans call for 22 residential rental units, including 4 affordable units, along with approximately 2,400 square feet of ground-floor retail/restaurant space. This transit-oriented development offers a strong opportunity for an investor or development partner to capitalize on a well-located site with significant entitlement progress already achieved. Situated on a prominent corner in a designated growth area, the project features zero-parking approval and benefits from strong visibility, neighborhood momentum, and municipal support. The property size is 7,462 square feet. This is a compelling development opportunity in one of Dorchester's evolving mixed-use corridors.

Key Highlights

• ZBA‑approved 22‑unit mixed‑use development site.
• Located in the rapidly growing Four Corners/Fairmount corridor.
• Approved for approximately 33,452 SF with plans for 22 residential units and 2,400 SF of retail/restaurant space.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$182,166

Cap Rate

7.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,643,320 $3.6M

Cap Rate 7%

$2,602,371 $2.6M

Cap Rate 9%

$2,024,067 $2.0M

Market Conditions

NOI Build-Up for 7,462 SF

Gross rent

$313.4K $42.00/SF

− Vacancy

−$21.9K −$2.94/SF

EGI

$291.5K $39.06/SF

− OpEx

−$109.3K −$14.65/SF

NOI

$182.2K $24.41/SF

Area

Boston, MA

Vacancy

7.00%

Lease Rate

$42.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,643,320

Cap Rate 7%

$2,602,371

Cap Rate 9%

$2,024,067

Alternative Uses

Best Use

Mixed Use

$2.60M

$2.28M – $3.04M (±1% cap)

NOI $182,166 @ 7.0% cap · market cap 7.29%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$5.59M

$4.89M – $6.52M (±1% cap)

NOI $391,128 @ 7.0% cap · market cap 15.65%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Parking Lot & Garage Acupuncture Cafe & Coffee Shop

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

1,380

Businesses Nearby

Explore this area Business Placement

Demographics for 02121, MA

28,766

Population

11,384

Households

2.5

Avg Household Size

33

Median Age

21%

College-Educated

75%

High-School Grad

1.9 sq mi

ZIP Area

15,140

Density / Sq Mi

$38,565

Median Household Income

$33,700

Median Earnings

$1,316

Median Rent

$548,100

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Approved 22-unit mixed-use development site in Four Corners/Fairmount corridor.

Where is this mixed-use property located?

The property is located at 2-8 Bowdoin Street Boston, MA.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: ZBA‑approved 22‑unit mixed‑use development site.; Located in the rapidly growing Four Corners/Fairmount corridor.; Approved for approximately 33,452 SF with plans for **22 residential units** and **2,400 SF of retail/restaurant space.**