Building Details

Building Size 1,976 SF

Year Built 1976

Listing Agency: NextGen Realty, Inc. Show Phone

Listed By: Alexander Osornio · License #9583612 Show Phone

Source: Iverty

Added: Aug 12 Changed: Oct 4 Last Checked: Oct 5 at 6:31PM

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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 NextGen Realty, Inc.

Investment Insights

Based on property information with market context.

A full Boston liquor license is available for a bar or pub operation, with the current license extending service authorization until 1 AM. The license is associated with 916 Beacon Street in Boston, Massachusetts.

Key Highlights

• Full Boston liquor license
• Current license extends to 1 AM
• Associated with 916 Beacon Street, Boston, MA 02215

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,002

Cap Rate

7.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$860,040 $860.0K

Cap Rate 7%

$614,314 $614.3K

Cap Rate 9%

$477,800 $477.8K

Market Conditions

NOI Build-Up for 1,976 SF

Gross rent

$61.7K $31.20/SF

− Vacancy

−$4.3K −$2.18/SF

EGI

$57.3K $29.02/SF

− OpEx

−$14.3K −$7.25/SF

NOI

$43.0K $21.76/SF

Area

ZIP 02215

Vacancy

7.00%

Lease Rate

$31.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$860,040

Cap Rate 7%

$614,314

Cap Rate 9%

$477,800

Alternative Uses

Best Use

Specialty Retail

$614.3K

$537.5K – $716.7K (±1% cap)

NOI $43,002 @ 7.0% cap · market cap 7.89%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.71M

$1.49M – $1.99M (±1% cap)

NOI $119,508 @ 7.0% cap · market cap 21.93%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Bars & Pubs

Suggested Use

Top Pick Law Firm Nail Salon Big Box & Wholesale Store Food Market HVAC Service Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

6,784

Businesses Nearby

119k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 52% Dining 28% Shops & Services 12% Hotels & Casinos 8%

Star Market Groceries

44,115 visits/mo 0.4 miles

H Mart Groceries

17,425 visits/mo 0.1 miles

Yard House Dining

13,229 visits/mo 0.3 miles

Gyu-Kaku Japanese BBQ Dining

11,718 visits/mo 0.0 miles

Residence Inn by Marriott Boston Back Bay/Fenway Hotels & Casinos

10,013 visits/mo 0.3 miles

Demographics for 02215, MA

26,926

Population

9,390

Households

2.9

Avg Household Size

26

Median Age

85%

College-Educated

97%

High-School Grad

0.9 sq mi

ZIP Area

29,918

Density / Sq Mi

$65,827

Median Household Income

$12,149

Median Earnings

$2,385

Median Rent

$683,800

Median Home Value

Market

Vacancy Rate% for Retail in Boston, MA

3.9% 2019

4.6% 2020

4.2% 2021

4% 2022

3.5% 2023

3.2% 2024

3.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Bar & Pub - Full Boston liquor license with service authorized until 1 AM.

Where is this bar & pub located?

The property is located at 916 Beacon St. Boston, MA.

What is the asking price?

The asking price for this property is $545,000.

What are key features of this property?

This property features: Full Boston liquor license; Current license extends to 1 AM; Associated with 916 Beacon Street, Boston, MA 02215