South End Office Retail
671 Tremont Street # 01 Boston Boston, MA 02118
671 Tremont Street # 01 Boston, Boston, MA, 02118
$1,400,000
For Sale
$1,400,000
Sprawling office/retail space in the heart of the South End.
Property Size1,846 SF
Price / SF$758.40
Days on Market67
Property Features for 671 Tremont Street # 01 Boston
General Information
- Standard status
- Active
- Size
- 1,846 SF
Building Details
- Year Built
- 1897
Listing Agency
(508) 501-1443
Listed by
Crystal Silva
(508) 501-1443
Source
Milestonerealtyinc
Added: May 16 Updated: Jul 10 at 3:59 pm Checked: Jul 19 at 2:42 am
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 Crystal Silva
Investment Insights
Based on property information with market context.
This unique commercial property offers over 1850 square feet of space across two floors, 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, providing high visibility and accessibility. Currently configured as office retail space, the layout includes three offices upstairs and four downstairs. An outdoor patio is available, shared with an upstairs neighbor. The location benefits from high foot traffic, being situated on one of the city's most traversed thoroughfares, which is lined with shops, restaurants, parks, and a library. Several major bus lines to downtown serve the area. This property presents an opportunity to expand or launch a business in one of Boston's distinctive historical neighborhoods.
Key Highlights
- Prime South End location at the corner of Pembroke & Tremont, a high‑traffic area.
- Large space: Over 1850 sq ft on two floors (980 sq ft street level, 870 sq ft lower level).
- 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 | $121.8k | $66.00 |
| − Vacancy | −$18.5k | −$10.03 |
| EGI | $103.3k | $55.97 |
| − OpEx | −$25.8k | −$13.99 |
| NOI | $77.5k | $41.98 |
1,846 SF · lease $66.00/SF/yr · vacancy 15.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.11M
$968.6K – $1.29M
NOI $77,488 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,106 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Sprawling office/retail space in the heart of the South End.
Where is this office units located?
The property is located at 671 Tremont Street # 01 Boston 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, a high‑traffic area.; Large space: Over 1850 sq ft on two floors (980 sq ft street level, 870 sq ft lower level).; Dual entrances on Pembroke and Tremont Streets.
