Corner Retail-Office
270-272 Parsons St, Boston, MA 02135
Freestanding corner building with direct Mass Pike frontage, on-site parking, and stabilized retail/office tenants in place.
Type:COMMERCIAL
Property size:
8,556 SFPrice / SF:
$552/SF- Added:
- Jan 16, 2026
- Days on Market:
- 162
- Last Refresh:
- Jun 22 at 1:56 am
Property Features for 270-272 Parsons St
General Information
- Standard status
- Active
- Size
- 8,556 SF
- Property subtype
- COMMERCIAL
Building Details
- Year Built
- 1970
Listing office City Realty Group
Listing date Jan 16, 2026
Source Bostonluxurysuburbs
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 City Realty Group
HighLights
- Freestanding corner commercial building built in 1970 at 270 Parsons St
- 8,556 SF stabilized retail/office space with long‑term, strong‑credit tenants in place
- Gross income of nearly $430k from current tenant occupancy
- Direct frontage on the Mass Pike at the corner of Soldiers Field Rd and Parsons St
- Nearly 300,000 vehicles pass daily; rooftop signage and billboard tenants are supported by the frontage
- On‑site parking with approximately 40 lined spaces and potential for expansion; about 1.5 miles to I‑90
Overview
270-272 Parsons St is a free-standing commercial building offering approximately 8,556 SF of stabilized retail/office space. The property is positioned for tenant-ready operation with long-term occupants already in place and currently nearly $430k in gross income, supported by the existing leasing configuration.
Situated at the corner of Soldiers Field Rd and Parsons St, the building has direct frontage along the Mass Pike. The site benefits from high visibility, with nearly 300,000 vehicles passing daily, and is described as an appropriate setting for rooftop signage and billboard tenants. The location is about 1.5 miles from I-90, supporting convenient commuter access. Ample on-site parking is provided, with approximately 40 lined spaces and potential for expansion.
For buyers seeking a stabilized, income-producing commercial property with strong day-to-day tenant continuity, this building combines retail/office flexibility within a single free-standing asset. Tenants and operators benefit from a corner address and direct highway-adjacent frontage that supports retail and service concepts requiring prominent access and exposure, along with on-site parking to accommodate customer traffic.
Situated at the corner of Soldiers Field Rd and Parsons St, the building has direct frontage along the Mass Pike. The site benefits from high visibility, with nearly 300,000 vehicles passing daily, and is described as an appropriate setting for rooftop signage and billboard tenants. The location is about 1.5 miles from I-90, supporting convenient commuter access. Ample on-site parking is provided, with approximately 40 lined spaces and potential for expansion.
For buyers seeking a stabilized, income-producing commercial property with strong day-to-day tenant continuity, this building combines retail/office flexibility within a single free-standing asset. Tenants and operators benefit from a corner address and direct highway-adjacent frontage that supports retail and service concepts requiring prominent access and exposure, along with on-site parking to accommodate customer traffic.
Local 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 | $431.2k | $50.40 |
| − Vacancy | −$94.9k | −$11.09 |
| EGI | $336.4k | $39.31 |
| − OpEx | −$84.1k | −$9.83 |
| NOI | $252.3k | $29.48 |
8,556 SF · lease $50.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.60M
$3.15M – $4.20M
NOI $252,265 @ 7.0% cap · market cap 5.34%
Second Best
Retail
$1.97M
$1.73M – $2.30M
NOI $138,099 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$6.41M
$5.61M – $7.47M
NOI $448,471 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.15852
- Latitude
- 42.35807
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Freestanding corner building with direct Mass Pike frontage, on-site parking, and stabilized retail/office tenants in place.
Where is this office building located?
The property is located at 270-272 Parsons St Boston, MA.
What is the asking price?
The asking price for this property is $4,725,000.
What are key features of this property?
This property features: Freestanding corner commercial building built in 1970 at 270 Parsons St; 8,556 SF stabilized retail/office space with long‑term, strong‑credit tenants in place; Gross income of nearly $430k from current tenant occupancy
