Retail Space with High
For Sale
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64 Putnam Street # 1, Winthrop, MA 02152
Masonry construction, central air, and flexible subdivision support varied commercial layouts.
Property Size5,815 SF
Price / SF$1.37
Days on Market163
Property Features for 64 Putnam Street # 1
General Information
Standard status
Active
Size
5,815 SF
Property subtype
Commercial
Zoning
CB
Lease Type
NNN
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$20,703
Amenities
gas forced-air HVAC with central air
Building Details
Building Size
5,815 SF
Year Built
1914
Construction
brick/masonry
Listing Agency:
Reference Real Estate
Listed By:
Reserve Team
(781) 342-0052
Source:
Churchillprop
Added: May 8
Changed: Oct 6
Last Checked: Oct 16 at 6:00AM
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 Reference Real Estate
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Investment Insights
Based on property information with market context.
This 5,815-square-foot retail space occupies a masonry building constructed in 1914, with 30-foot wall heights and gas forced-air HVAC complemented by central air. The interior can be subdivided, allowing the space to accommodate different commercial configurations and business formats.
The property is at 64 Putnam Street, Unit 1, in Winthrop’s Center Business District. Restaurants, banks, the post office, and MBTA bus service to Boston are within walking distance. The site is positioned along Putnam Street, where the source information identifies both pedestrian activity and street exposure as notable characteristics.
The property is at 64 Putnam Street, Unit 1, in Winthrop’s Center Business District. Restaurants, banks, the post office, and MBTA bus service to Boston are within walking distance. The site is positioned along Putnam Street, where the source information identifies both pedestrian activity and street exposure as notable characteristics.
Key Highlights
- 5,815 SF retail space in Winthrop’s Center Business District
- 30‑foot wall heights in a masonry building
- Gas forced‑air HVAC with central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,689
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,273,780
$2.3M
Cap Rate 7%
$1,624,129
$1.6M
Cap Rate 9%
$1,263,211
$1.3M
Market Conditions
NOI Build-Up for 5,815 SF
Gross rent
$174.5K $30.00/SF
− Vacancy
−$12.0K −$2.07/SF
EGI
$162.4K $27.93/SF
− OpEx
−$48.7K −$8.38/SF
NOI
$113.7K $19.55/SF
Area
Suffolk County, MA
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,273,780
Cap Rate 7%
$1,624,129
Cap Rate 9%
$1,263,211
Alternative Uses
Best Use
Office B
$2.02M
$1.77M – $2.36M
NOI $141,686 @ 7.0% cap · market cap 1,782.21%
Second Best
Retail
$1.62M
$1.42M – $1.89M
NOI $113,689 @ 7.0% cap · market cap 1,430.05%
Theoretical Best
Office A
$3.44M
$3.01M – $4.02M
NOI $240,972 @ 7.0% cap · market cap 3,031.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
Explore this area
Business Placement
Demographics for 02152, MA
19,316
Population
8,467
Households
2.3
Avg Household Size
44
Median Age
43%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
11,362
Density / Sq Mi
$106,357
Median Household Income
$68,062
Median Earnings
$1,909
Median Rent
$606,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Masonry construction, central air, and flexible subdivision support varied commercial layouts.
Where is this retail space located?
The property is located at 64 Putnam Street # 1 Winthrop, MA.
What are key features of this property?
This property features: 5,815 SF retail space in Winthrop’s Center Business District; 30‑foot wall heights in a masonry building; Gas forced‑air HVAC with central air
