Renovated Mill Building For
For Sale
$4,700,000
60 Clayton St, Boston, MA 02122
14,178 Sq. Ft. renovated office building for sale.
Property Size14,178 SF
Price / SF$331.50
Days on Market99
Property Features for 60 Clayton St
General Information
Standard status
Active
Size
14,178 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
Greater Boston Commercial Properties, Inc.
(508) 925-7477
Listed By:
Bret O'brien · License #8994
(508) 925-7477
Source:
Alliancepartnersre
Added: Apr 23
Changed: Jul 10
Last Checked: Jul 30 at 4:30AM
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 Greater Boston Commercial Properties, Inc.
Investment Insights
Based on property information with market context.
This is a 14,178 square foot office building available for sale. The building is a renovated mill building featuring exposed brick and wood beams throughout. It is suitable for both users and investors.
Key Highlights
- 14,178 Sq. Ft. office building
- Renovated mill building with exposed brick and wood beams
- Exposed brick and wood beams
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 | $714.6k | $50.40 |
| − Vacancy | −$157.2k | −$11.09 |
| EGI | $557.4k | $39.31 |
| − OpEx | −$139.3k | −$9.83 |
| NOI | $418.0k | $29.48 |
14,178 SF · lease $50.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.97M
$5.23M – $6.97M
NOI $418,024 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.62M
$9.29M – $12.39M
NOI $743,154 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,522
Businesses Nearby
Explore this area
Business Placement
Demographics for 02122, MA
24,385
Population
10,039
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
14,344
Density / Sq Mi
$82,945
Median Household Income
$53,897
Median Earnings
$2,052
Median Rent
$656,400
Median Home Value
Market
Vacancy Rate% for Office in Boston, MA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 14,178 Sq. Ft. renovated office building for sale.
Where is this office building located?
The property is located at 60 Clayton St Boston, MA.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 14,178 Sq. Ft. office building; Renovated mill building with exposed brick and wood beams; Exposed brick and wood beams
