Turnkey Leased Convenience Store
655 Saratoga Unit C Boston, MA 02128
For Sale
$599,000
Street-level commercial condo is fully leased to a convenience store and includes an unfinished, interior-access basement.
Property Size1,026 SF
Price / SF$583.82
Days on Market13
Property Features for 655 Saratoga Unit C
General Information
Standard status
Active
Size
1,026 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
Century 21 North East
Listed By:
MG Group
(617) 799-5818
Source:
Oldeforgerealty
Added: Jul 18
Changed: Jul 25
Last Checked: Jul 29 at 12:16AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
Turnkey street-level commercial condo offered for sale, fully leased to a well-established convenience store. The unit is described as clean and well-kept, with direct customer-facing presence. The property includes an unfinished basement of approximately 960 square feet with direct interior access, providing additional space for storage.
The condo is located at 655 Saratoga Street, Unit C in Boston, MA 02128. The current tenant is longstanding, and the offering is presented as minimizing landlord responsibilities due to the lease in place.
Current rent is $3,811 per month with 6% annual increases for the next 1 year. The total property size is 1,026 square feet.
The condo is located at 655 Saratoga Street, Unit C in Boston, MA 02128. The current tenant is longstanding, and the offering is presented as minimizing landlord responsibilities due to the lease in place.
Current rent is $3,811 per month with 6% annual increases for the next 1 year. The total property size is 1,026 square feet.
Key Highlights
- Street‑level commercial condo built in 1920, fully leased to a convenience store.
- Current rent is $3,811/month with 6% annual increases for the next 1 year.
- Tenant is a longstanding, well‑maintained convenience store operating in a high‑traffic area.
Financial Insights For Specialty Retail
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 | $28.3k | $27.60 |
| − Vacancy | −$2.0k | −$1.93 |
| EGI | $26.3k | $25.67 |
| − OpEx | −$6.6k | −$6.42 |
| NOI | $19.8k | $19.25 |
1,026 SF · lease $27.60/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$282.2K
$246.9K – $329.2K
NOI $19,752 @ 7.0% cap · market cap 3.30%
Second Best
Retail
$236.6K
$207.0K – $276.0K
NOI $16,560 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$768.3K
$672.2K – $896.3K
NOI $53,779 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- ElSol Food Market — 353 Chelsea St, East Boston, MA 02128
- Stop and Compare Market — 153 Hawthorne St, Chelsea, MA 02150
- Sava's Market — 150 Bennington St, Boston, MA 02128
- Family Market — 369 Broadway, Chelsea, MA 02150
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Street-level commercial condo is fully leased to a convenience store and includes an unfinished, interior-access basement.
Where is this grocery and convenience store located?
The property is located at 655 Saratoga Unit C Boston, MA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Street‑level commercial condo built in 1920, fully leased to a convenience store.; Current rent is $3,811/month with 6% annual increases for the next 1 year.; Tenant is a longstanding, well‑maintained convenience store operating in a high‑traffic area.
