Retail Space with Rear
New
For Sale
Contact for pricing
232 Marion St Unit 1, Boston, MA 02128
An attached rear area adds a kitchen, living space, bathroom and separate room to the storefront.
Property Size800 SF
Price / SF$3.50
Days on Market5
Property Features for 232 Marion St Unit 1
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Site & Location
Neighborhood
East Boston
Amenities
oversized 6 ft windows
full-glass entrance door
11-foot ceilings
recessed lighting
hardwood floors
mini-split heating and air conditioning
attached private rear unit with full kitchen and living area, full bathroom, separate room
Building Details
Year Built
1910
Listing Agency:
Lokos Realty & Management
(781) 608-3057
Listed By:
Christopher Ulich
(781) 385-9974
Source:
Lockandkeyre
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 24 at 5:10PM
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 Lokos Realty & Management
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.
This renovated 800-square-foot retail space includes two 6-foot windows, a full-glass entry door, 11-foot ceilings, recessed lighting and hardwood floors. A mini-split system provides heating and air conditioning. The attached private rear unit contains a full kitchen, living area, full bathroom and a separate room, creating additional space within the property.
The storefront is on Marion Street in East Boston, steps from the Airport MBTA station and Chelsea Street.
The storefront is on Marion Street in East Boston, steps from the Airport MBTA station and Chelsea Street.
Key Highlights
- Renovated 800‑square‑foot retail suite
- Two 6‑foot windows and a full‑glass entry door
- 11‑foot ceilings, recessed lighting and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,912
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,240
$258.2K
Cap Rate 7%
$184,457
$184.5K
Cap Rate 9%
$143,467
$143.5K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$20.2K $25.20/SF
− Vacancy
−$1.7K −$2.14/SF
EGI
$18.4K $23.06/SF
− OpEx
−$5.5K −$6.92/SF
NOI
$12.9K $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%
$258,240
Cap Rate 7%
$184,457
Cap Rate 9%
$143,467
Alternative Uses
Best Use
Retail
$184.5K
$161.4K – $215.2K
NOI $12,912 @ 7.0% cap · market cap 461.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$599.0K
$524.2K – $698.9K
NOI $41,933 @ 7.0% cap · market cap 1,497.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,105
Businesses Nearby
206k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Shops & Services 30%
Groceries 19%
Apparel 12%
Shaw's Supermarket
Groceries
38,339 visits/mo
0.4 miles
Marshalls
Apparel
24,698 visits/mo
0.5 miles
McDonald's
Dining
23,404 visits/mo
0.4 miles
Mobil
Shops & Services
15,003 visits/mo
0.4 miles
Pollo Campero
Dining
13,706 visits/mo
0.4 miles
Demographics for 02128, MA
43,066
Population
19,124
Households
2.3
Avg Household Size
33
Median Age
38%
College-Educated
77%
High-School Grad
5.0 sq mi
ZIP Area
8,613
Density / Sq Mi
$92,079
Median Household Income
$48,549
Median Earnings
$2,009
Median Rent
$680,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Boston, MA
Frequently Asked Questions
What type of property is this?
Retail space - An attached rear area adds a kitchen, living space, bathroom and separate room to the storefront.
Where is this retail space located?
The property is located at 232 Marion St Unit 1 Boston, MA.
What are key features of this property?
This property features: Renovated 800‑square‑foot retail suite; Two 6‑foot windows and a full‑glass entry door; 11‑foot ceilings, recessed lighting and hardwood floors
