222-232 Newbury St Boston, MA 02116
- Retail properties
- 41,072 SF
Current Use by Public Records
- Retail properties
Property Details for 222-232 Newbury St
- Year built
- 1899
- Property size
- 41,072 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional investment opportunity presents a portfolio of six contiguous buildings located on the prestigious Newbury Street in Boston, Massachusetts. The property comprises a total of 41,072 square feet, encompassing 40 units: 24 apartment units and 13 retail suites, along with three office spaces. The buildings, constructed in 1899, are five stories high and sit on a 14,896 square foot lot. The net rentable area totals 35,286 square feet. The asking price for the entire portfolio is $40,000,000, translating to a price per square foot of $973.90. Limited off-street parking for six vehicles is available. The property is classified as a core investment, offering significant potential for future rental growth through lease renewals and market-rate adjustments. While the seller will consider offers on the entire portfolio, they are also open to selling pairs of buildings, due to shared fire alarm systems. This unique offering presents a rare chance to acquire a substantial and established presence on one of Boston's most iconic shopping streets. The property's mixed-use nature and prime location provide a compelling investment proposition with strong potential for long-term appreciation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.0811
- Latitude
- 42.3497
