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    Property profile & analytics
    OFF-MARKET Estimated value $13,180,000
    Turn key restaurants

    1004 Beacon St 1016, Brookline, MA 02446-4001

    16,176 SF 0.58 ac lot Built 1934
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US38-0993801
    Property summary
    AI-generated overview

    Gateway Brookline offers 16,000 square feet of newly renovated (2023) retail space in Brookline, MA, ideally suited for restaurants. Seven suites are available, with a minimum divisible space of 2,205 square feet and a maximum contiguous space of 8,200 square feet. Currently, 10,080 square feet is vacant, presenting a unique opportunity for multiple tenants or a single large-scale operation. The property boasts a glass-covered and heated pergola extending along the entire Beacon Street frontage, providing ample al fresco dining space. This prime location offers four-season dining options, with exclusive outdoor seating areas assigned per lease. Situated at 1004 Beacon Street (cross street: Saint Mary's Street), the property benefits from its proximity to Boston University's South Campus and is within a five-minute walk of the main campus, student union, Agganis Arena, and the new Jenga Center for Computing, Data Science, and Mathematics. The building is zoned BUS and features one story. This is an exceptional opportunity to establish a thriving restaurant business in a vibrant and high-traffic area.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1934
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 16,176 SF
    Lot 0.58 ac (25,199 SF)
    Zoning code L10
    APN BROO B:001 L:0002 S:0008
    UPID US38-0993801
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $9.77M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $9.80M
    Blend (final) Blend
    $13.18M
    Owner & transaction history
    Robert F Braga · 4 yrs held
    Robert F Braga
    since 2022
    Last sale
    $15.0M
    6 recorded transactions
    2023
    2022
    2022
    $15.0M
    2010
    1997
    1990
    Zoning & alternative use
    L10 · Brookline, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $10.1M +44.8%
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