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    1050 Commonwealth Ave Boston, MA 02215

    Sponsored
    For Lease
    $27 SF/Yr

    Versatile Office Space, Prime Location

    Lot size:
    41,232 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13,744-square-foot office/flex space, situated on the second floor of 1050 Commonwealth Avenue in Boston, MA 02215, presents a unique opportunity. The property, part of a larger 41,232-square-foot building, offers a flexible layout ideal for various business needs. Built in 1900 and extensively renovated in 2015, this Class B building boasts updated HVAC systems and new windows, ensuring a comfortable and efficient workspace. Ample parking is provided with 20 spaces, including 18+ off-street spaces in a rear lot, supplemented by convenient on-street parking. A passenger elevator and a large freight elevator facilitate easy access throughout the three-story building. The space is largely open, allowing for customizable tenant build-out to perfectly suit your requirements. Its prime location directly on the MBTA Green Line provides exceptional public transportation access, while proximity to the Mass Pike and Storrow Drive ensures easy highway access. Enjoy the convenience of nearby amenities, including a Star Market, diverse restaurants, coffee shops, and Boston University, all within walking distance. The 0.81-acre lot provides ample space and accessibility. This versatile property is suitable for traditional office, executive office, creative office, medical office, manufacturing, flex, warehouse, or R&D uses. The minimum divisible space is 13,744 square feet, with a maximum contiguous space of the same size.

    Property Features for 1050 Commonwealth Ave

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,232 SF
    Class
    B
    Total Rate
    94490

    Building Details

    Year Built/Renovated
    1900/2015
    Stories
    3

    Unit(s) available at that property

    Space
    Second Floor
    Size
    13,744 SF
    Rate per SF
    $35

    HighLights

    • MBTA Green Line frontage.
    • Convenient access to Mass Pike and Storrow Drive.
    • Walkable to Star Market, restaurants, cafes, and Boston University.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walcott Corporation Commercial Real Estate Agency Suburban Home Health ... Home Health Care Service Suburban Homemaking & Maternity Home Health Care Service Kirkwood Distributors Distribution Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.122748746563
    Latitude
    42.351874624939

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    FAQs

    What type of property is this?
    Life science property - Versatile Office Space, Prime Location
    Where is this life science property located?
    The property is located at 1050 Commonwealth Ave Boston, MA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: MBTA Green Line frontage.; Convenient access to Mass Pike and Storrow Drive.; Walkable to Star Market, restaurants, cafes, and Boston University.
    Request Owner's contact information
    1050 Commonwealth Ave Boston, MA 02215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1050 Commonwealth Ave Boston, MA 02215
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