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Two-Level Medical Office Condominium
For Sale
Contact for pricing
Pending

388 Commonwealth Ave, Boston, MA 02215

Fully leased medical office condominium with established healthcare occupancy and direct street access.

Property SizeContact for details
Days on Market145

Property Features for 388 Commonwealth Ave

General Information

Standard status Pending
Property subtype Retail, Office
Occupancy 100%

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Buildings 1
Tenancy Single
Owner Occupied No
Abandoned No
Listing Agency: Black Oak Property Advisors, Inc.
Listed By: Gregory Cahill · License #MA
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Sep 2 at 6:12AM

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 Black Oak Property Advisors, Inc.

Investment Insights

Based on property information with market context.

This two-level condominium is configured for medical office use and is fully leased to the General Hospital Corporation, also identified as MGH. The current healthcare occupant has used the space for many years for primary care serving adults and children.

The property has direct street access from Commonwealth Avenue and a covered walkway connecting to the adjacent parking garage at 425 Newbury St. It forms part of the commercial component of Windsor Place, a larger condominium development with 92 residential condominiums above. Hotels, retail shops, and restaurants are located nearby, with major local and interstate roads and highways a short drive away.

Key Highlights

  • Two‑level condominium configured for medical office use
  • Fully leased to the General Hospital Corporation, also identified as MGH
  • Current healthcare occupancy has continued for many years

Property Analytics

Current Use

Dr. Amir Mahoozi Dental Office Lien, Wei, MD Pediatrician Dr. Ana-Celilia D. ... Physician Mgh Back Bay: ... Physician Dr. Holly E. ... Physician

Suggested Use

Top Pick Food Market Daycare Center Auto Repair Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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

100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

6,350
Businesses Nearby
Under-served
Demand for This Use

Demographics for 02215, MA

26,926
Population
9,390
Households
2.9
Avg Household Size
26
Median Age
85%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
29,918
Density / Sq Mi
$65,827
Median Household Income
$12,149
Median Earnings
$2,385
Median Rent
$683,800
Median Home Value

Market

Vacancy Rate% for Office in Boston, MA

9.1% 2019
12.4% 2020
10.8% 2021
12.5% 2022
15.1% 2023
17% 2024
18.2% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Fully leased medical office condominium with established healthcare occupancy and direct street access.
Where is this medical office space located?
The property is located at 388 Commonwealth Ave Boston, MA.
What are key features of this property?
This property features: Two‑level condominium configured for medical office use; Fully leased to the General Hospital Corporation, also identified as MGH; Current healthcare occupancy has continued for many years
More about this property
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