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500 Washington St Boston, MA 02111

OFF-MARKET Retail properties & Spaces Google Maps
620,000 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 7,700 square foot retail space presents a unique investment opportunity within the vibrant Lafayette City Center in downtown Boston. Located within a larger 620,000 square foot mixed-use property, this space offers unparalleled visibility and accessibility. The property boasts a prime location, with direct access from Washington Street via a shared hallway, providing excellent street frontage and signage opportunities. Internal connectivity to Macy's and the 502-key Hyatt Regency Boston ensures high foot traffic and brand exposure. The building also features a substantial 1,100-car public parking garage, one of the largest in the city, guaranteeing ample parking for customers and employees. This space is the last remaining retail opportunity within this thriving complex, which currently houses a significant tech office presence including Sonos, Carbonite, VMware, O'Reilly Media, and GSVlabs, totaling 540,000 square feet. Practical features include a freight elevator connected to a loading dock accessible from Chauncy Street, facilitating efficient goods delivery and handling. Additional signage opportunities exist within the internal shared corridor facing Macy's, further enhancing visibility and brand recognition. This is a rare chance to secure a prominent retail space in a dynamic and high-traffic location within the heart of Boston's bustling downtown area. The property is located in Suffolk County.

Property profile

Verified
Property type Retail properties & Spaces
Total area 620,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Shopping Center & Mall
  • Resort

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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