Ground-Floor Retail
For Sale
$399,000
65 Meridian St. Unit B, Boston, MA 02128
Occupied by Boost Mobile under a lease running through 12/30/2029, with an 8.5% cap rate.
Property Size2,019 SF
Days on Market50
Property Features for 65 Meridian St. Unit B
General Information
Standard status
Active
Size
2,019 SF
Property subtype
Commercial
Lease Term
Existing Lease Type: Other (See Remarks)
Building Details
Building Size
2,019 SF
Year Built
2019
Listing Agency:
Carlton's Wharf & Co.
(617) 418-5222
Listed By:
Brian Rivas · License #9550697
(617) 955-0770
Source:
Iverty
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 4 at 10:44AM
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 Carlton's Wharf & Co.
Investment Insights
Based on property information with market context.
Unit B is a ground-floor retail condominium at 65 Meridian Street, currently occupied by Boost Mobile. The space is part of a 4-story, 8-unit mixed-use building constructed in 2019, providing an established commercial setting for the retail component.
The property is near Boston’s Maverick Square area in East Boston, with a 96 walk score and high foot traffic. The Blue Line Maverick MBTA station is 0.2 miles away, while the waterfront and Downtown Boston are accessible from the property. The existing lease extends through 12/30/2029 and carries an 8.5% cap rate.
The property is near Boston’s Maverick Square area in East Boston, with a 96 walk score and high foot traffic. The Blue Line Maverick MBTA station is 0.2 miles away, while the waterfront and Downtown Boston are accessible from the property. The existing lease extends through 12/30/2029 and carries an 8.5% cap rate.
Key Highlights
- Ground‑floor retail condominium at 65 Meridian Street, Unit B
- Currently occupied by Boost Mobile through 12/30/2029
- 8.5% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,588
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,760
$651.8K
Cap Rate 7%
$465,543
$465.5K
Cap Rate 9%
$362,089
$362.1K
Market Conditions
NOI Build-Up for 2,019 SF
Gross rent
$50.9K $25.20/SF
− Vacancy
−$4.3K −$2.14/SF
EGI
$46.6K $23.06/SF
− OpEx
−$14.0K −$6.92/SF
NOI
$32.6K $16.14/SF
Area
Boston, MA
Vacancy
8.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,760
Cap Rate 7%
$465,543
Cap Rate 9%
$362,089
Alternative Uses
Best Use
Retail
$465.5K
$407.4K – $543.1K
NOI $32,588 @ 7.0% cap · market cap 8.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,828 @ 7.0% cap · market cap 26.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,073
Businesses Nearby
253k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 28%
Groceries 15%
Apparel 10%
Shaw's Supermarket
Groceries
38,339 visits/mo
0.3 miles
Dunkin' Donuts
Dining
25,268 visits/mo
0.3 miles
Marshalls
Apparel
24,698 visits/mo
0.2 miles
McDonald's
Dining
23,404 visits/mo
0.2 miles
Burger King
Dining
18,940 visits/mo
0.3 miles
Demographics for 02128, MA
43,066
Population
19,124
Households
2.3
Avg Household Size
33
Median Age
38%
College-Educated
77%
High-School Grad
5.0 sq mi
ZIP Area
8,613
Density / Sq Mi
$92,079
Median Household Income
$48,549
Median Earnings
$2,009
Median Rent
$680,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Boston, MA
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Frequently Asked Questions
What type of property is this?
Retail space - Occupied by Boost Mobile under a lease running through 12/30/2029, with an 8.5% cap rate.
Where is this retail space located?
The property is located at 65 Meridian St. Unit B Boston, MA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Ground‑floor retail condominium at 65 Meridian Street, Unit B; Currently occupied by Boost Mobile through 12/30/2029; 8.5% cap rate
