Three-Story Multi-Unit Retail
384 Warren Street Boston, MA 02119
384 Warren Street, Boston, MA, 02119
Contact for pricing
For Sale
Contact for pricing
Purchase a 100% leased three-unit building with pro rata tax, insurance, and CAM reimbursements in Boston’s Roxbury area.
Property Size30,500 SF
Lot Size0.38 Acres
Price / SF$266.04
Days on Market37
Property Features for 384 Warren Street
General Information
- Standard status
- Active
- Size
- 30,500 SF
- Lot size
- 0.38 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1920
Listing Agency
Horvath & Tremblay
Listed by
Nick Bevilacqua · License #9573250-RE-S
Source
Crexi
Added: Jun 11 Checked: Jul 13 at 8:42 am
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
The property at 384 Warren Street is a well-maintained three-story commercial building comprising a total of three (3) units within approximately 30,500 square feet on a 0.38-acre parcel. The asset is fully leased to a complimentary mix of tenants, including Dollar Country, Boston Public Schools, and Higher Ground. Under the existing operating structure, each tenant reimburses its pro rata share of real estate taxes, insurance, and common area maintenance, and two of the three tenants have scheduled rental increases in their primary lease terms and renewal options.
Located in Boston’s Roxbury neighborhood, the building offers convenient access to Brookline, Back Bay, South Boston, Downtown Boston, Northeastern University, and UMass Boston. Transit is available via several nearby MBTA stations, including Orange Line Jackson Square Station and Uphams Corner MBTA Station, with additional lines referenced as approximately one mile away, including Franklin/Foxboro and Providence Stoughton lines.
For investors and owners seeking a stable, occupied retail-oriented asset, this property offers immediate income with 100% leasing and defined tenant reimbursement responsibilities. The presence of scheduled rental increases on two tenants further supports long-term lease continuity. The building’s multi-unit configuration can also appeal to operators looking for straightforward tenancy within a single address.
Located in Boston’s Roxbury neighborhood, the building offers convenient access to Brookline, Back Bay, South Boston, Downtown Boston, Northeastern University, and UMass Boston. Transit is available via several nearby MBTA stations, including Orange Line Jackson Square Station and Uphams Corner MBTA Station, with additional lines referenced as approximately one mile away, including Franklin/Foxboro and Providence Stoughton lines.
For investors and owners seeking a stable, occupied retail-oriented asset, this property offers immediate income with 100% leasing and defined tenant reimbursement responsibilities. The presence of scheduled rental increases on two tenants further supports long-term lease continuity. The building’s multi-unit configuration can also appeal to operators looking for straightforward tenancy within a single address.
Key Highlights
- Three‑story commercial building in Boston with 3 total units and 30,500 SF total building area
- Property sits on a 0.38‑acre parcel and is 100% leased
- Tenant mix includes Dollar Country, Boston Public Schools, and Higher Ground
Local Financial Insights For Retail
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 | $768.6k | $25.20 |
| − Vacancy | −$65.3k | −$2.14 |
| EGI | $703.3k | $23.06 |
| − OpEx | −$211.0k | −$6.92 |
| NOI | $492.3k | $16.14 |
30,500 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.03M
$6.15M – $8.20M
NOI $492,288 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.84M
$19.98M – $26.64M
NOI $1,598,688 @ 7.0% cap · market cap 19.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Boston's Higher Ground
Charitable Organization
Dollar Country
Discount Store
Dr. Lue Dee ...
Dental Office
Lopes & Associates
Law Firm
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FAQs
What type of property is this?
Storefront property - Purchase a 100% leased three-unit building with pro rata tax, insurance, and CAM reimbursements in Boston’s Roxbury area.
Where is this storefront property located?
The property is located at 384 Warren Street Boston, MA.
What is the asking price?
The asking price for this property is $8,114,330.
What are key features of this property?
This property features: Three‑story commercial building in Boston with 3 total units and 30,500 SF total building area; Property sits on a 0.38‑acre parcel and is 100% leased; Tenant mix includes Dollar Country, Boston Public Schools, and Higher Ground
