Retail Space with Dedicated
64 Putnam Street #1B, Winthrop, MA 02152
For Sale
Contact for pricing
The suite has gas forced-air heating, central air, and a masonry exterior.
Property Size2,900 SF
Price / SF$1.38
Days on Market9
Property Features for 64 Putnam Street #1B
General Information
Standard status
Size
Total Parking Spaces
Building Details
Year Built
Construction
Listing Agency:
Reference Real Estate
Listed By:
Reserve Team
(781) 342-0052
Source:
Lockandkeyre
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 10:13AM
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 subdivided retail suite offers approximately 2,900 SF, with layouts described as configurable to tenant needs. The building dates to 1914 and features brick and masonry construction, gas forced-air HVAC, and central air. Two dedicated parking spaces are included.
At 64 Putnam Street in Winthrop’s Center Business District, the space is positioned along Putnam Street and within walking distance of restaurants, banks, and the post office. An MBTA bus connection to Boston is also noted.
At 64 Putnam Street in Winthrop’s Center Business District, the space is positioned along Putnam Street and within walking distance of restaurants, banks, and the post office. An MBTA bus connection to Boston is also noted.
Key Highlights
- Approximately 2,900 SF of subdivided commercial space
- Two dedicated parking spaces
- Brick and masonry construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,698
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,960
$1.1M
Cap Rate 7%
$809,971
$810.0K
Cap Rate 9%
$629,978
$630.0K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$87.0K $30.00/SF
− Vacancy
−$6.0K −$2.07/SF
EGI
$81.0K $27.93/SF
− OpEx
−$24.3K −$8.38/SF
NOI
$56.7K $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%
$1,133,960
Cap Rate 7%
$809,971
Cap Rate 9%
$629,978
Alternative Uses
Best Use
Retail
$810.0K
$708.7K – $945.0K
NOI $56,698 @ 7.0% cap · market cap 1,417.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,175 @ 7.0% cap · market cap 3,004.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citizens Bank
Shops & Services
3,713 visits/mo
0.0 miles
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
$606,900
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Suffolk County, MA
Properties on Market for Retail space in Suffolk County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The suite has gas forced-air heating, central air, and a masonry exterior.
Where is this retail space located?
The property is located at 64 Putnam Street #1B Winthrop, MA.
What are key features of this property?
This property features: Approximately 2,900 SF of subdivided commercial space; Two dedicated parking spaces; Brick and masonry construction
