South End Office Retail
671 Tremont Street #01 Boston, MA 02118
671 Tremont Street #01, Boston, MA, 02118
$1,400,000
For Sale
$1,400,000
Two-floor office/retail space in Boston's South End neighborhood.
Property Size1,850 SF
Price / SF$756.76
Days on Market66
Property Features for 671 Tremont Street #01
General Information
- Standard status
- Active
- Size
- 1,850 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1897
Listing agency
Star Residential, LLC
(317) 258-0619
Listed by
Brett J. Star
(317) 258-0619
Source
Liongatere
Added: May 18 Updated: Jul 10 at 3:57PM Checked: Jul 22 at 6:47AM
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 Star Residential, LLC
Investment Insights
Based on property information with market context.
This commercial property offers over 1850 square feet of space, with 980 square feet on the street level and 870 square feet on the lower level. Situated at the corner of Pembroke and Tremont Street, it is located in the heart of the South End neighborhood. The property features entrances on both streets and is currently divided into three offices upstairs and four downstairs. An outdoor patio is shared with an upstairs neighbor. This location offers potential for interaction with passersby, as it is situated on one of the city's most frequented thoroughfares, lined with shops, restaurants, parks, and a library. The property is accessible via several major bus lines to downtown. This property is suitable for expanding or launching a business in the South End, one of Boston's distinctive historical neighborhoods. The property is intended for office and retail use.
Key Highlights
- Prime South End location at the corner of Pembroke & Tremont Street, a high‑traffic area.
- Large space of over 1850 sq ft across two floors.
- Dual entrances on Pembroke and Tremont Streets.
Local 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 | $122.1k | $66.00 |
| − Vacancy | −$18.6k | −$10.03 |
| EGI | $103.5k | $55.97 |
| − OpEx | −$25.9k | −$13.99 |
| NOI | $77.7k | $41.98 |
1,850 SF · lease $66.00/SF/yr · vacancy 15.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.11M
$970.7K – $1.29M
NOI $77,656 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,316 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
loanDepot
Loan Service
FedEx Drop Box
Postal Service
Yauvan Kumar
Loan Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two-floor office/retail space in Boston's South End neighborhood.
Where is this office units located?
The property is located at 671 Tremont Street #01 Boston, MA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime South End location at the corner of Pembroke & Tremont Street, a high‑traffic area.; Large space of over 1850 sq ft across two floors.; Dual entrances on Pembroke and Tremont Streets.
