South Station Live/Work
For Sale
$775,000
717 Atlantic Ave. 1-B, Boston, MA 02111
770 SF commercial condo in Boston's South Station area.
Property Size770 SF
Price / SF$1,006
Days on Market179
Property Features for 717 Atlantic Ave. 1-B
General Information
Standard status
Active
Size
770 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,623
Building Details
Year Built
1899
Listing Agency:
Douglas Elliman Real Estate - The Sarkis Team
Listed By:
The Sarkis Team
(617) 875-4950
Source:
Elliman
Added: Apr 24
Changed: Oct 9
Last Checked: Oct 16 at 10:29AM
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 Douglas Elliman Real Estate - The Sarkis Team
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is a 770 square foot commercial live/work condominium located in Boston’s South Station area. It is situated within an eight story, 30-unit residential building. The location is directly across from South Station and the new Ritz-Carlton luxury residential development, which features 166 luxury units. The unit is suitable for a variety of uses, including residential live/work, creative studio or arts loft, retail, professional office, psychiatrist or therapist office, or other commercial uses. The property has a bike score of 77, indicating it is very bikeable. The walk score is 99, designating it as a walker's paradise, and the transit score is 100, identifying it as a rider's paradise.
Key Highlights
- Unbeatable Transit Access: A "Rider's Paradise" with a perfect score of 100, directly across from South Station.
- Prime Location: Situated in Boston's desirable South Station area, across from the Ritz‑Carlton.
- High Walkability: A "Walker's Paradise" boasting a score of 99, offering convenient access to amenities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,703
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,060
$454.1K
Cap Rate 7%
$324,329
$324.3K
Cap Rate 9%
$252,256
$252.3K
Market Conditions
NOI Build-Up for 770 SF
Gross rent
$38.8K $50.40/SF
− Vacancy
−$8.5K −$11.09/SF
EGI
$30.3K $39.31/SF
− OpEx
−$7.6K −$9.83/SF
NOI
$22.7K $29.48/SF
Area
Boston, MA
Vacancy
22.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,060
Cap Rate 7%
$324,329
Cap Rate 9%
$252,256
Alternative Uses
Best Use
Office B
$324.3K
$283.8K – $378.4K
NOI $22,703 @ 7.0% cap · market cap 2.93%
Second Best
Mixed Use
$268.5K
$235.0K – $313.3K
NOI $18,798 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$576.6K
$504.5K – $672.7K
NOI $40,360 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21,628
Businesses Nearby
Explore this area
Business Placement
Demographics for 02111, MA
9,716
Population
4,535
Households
2.1
Avg Household Size
34
Median Age
57%
College-Educated
83%
High-School Grad
0.2 sq mi
ZIP Area
48,580
Density / Sq Mi
$70,865
Median Household Income
$42,225
Median Earnings
$1,994
Median Rent
$953,400
Median Home Value
Market
Vacancy Rate% for Office in Boston, MA
Frequently Asked Questions
What type of property is this?
Live-work space - 770 SF commercial condo in Boston's South Station area.
Where is this live-work space located?
The property is located at 717 Atlantic Ave. 1-B Boston, MA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Unbeatable Transit Access: A "Rider's Paradise" with a perfect score of 100, directly across from South Station.; Prime Location: Situated in Boston's desirable South Station area, across from the Ritz‑Carlton.; High Walkability: A "Walker's Paradise" boasting a score of 99, offering convenient access to amenities.
