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Property profile & analytics
OFF-MARKET Estimated value $805,000
Office Spaces

21 Merchants Row Ste 2a Boston, MA 02109-2040

1,675 SF 0.04 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US38-0834330
Property summary
AI-generated overview

This exceptional 4,005 square-foot executive office condominium is available for sale in a vibrant Boston location. Situated on the fourth floor of a five-story building at 21 Merchants Row, this single-tenant space offers unparalleled convenience and accessibility. The building itself boasts a diverse mix of ownership, with the first floor occupied by a casual dining establishment, creating a lively and convenient atmosphere. The property's central location provides easy access to Faneuil Hall Marketplace and Boston's Waterfront, both within a five-minute walk. Major roadways, including I-93 and the Mass Pike (I-90), are less than a mile away, ensuring seamless commutes. The building's total square footage is 21,520 square feet, with 4,005 square feet currently vacant and available for purchase. This Class C office space presents a unique opportunity, particularly given the seller's willingness to consider a leaseback arrangement for all or part of the space, offering flexible terms and pricing to suit various needs. This is a rare chance to acquire a well-situated office condominium in a thriving neighborhood known for its exceptional amenities. The building is 100% owner-occupied.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Total area 1,675 SF
Lot 0.04 ac (1,675 SF)
Zoning code CC
APN CBOS W:03 P:03738 S:020
UPID US38-0834330
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
Current use
Occupant on record · Public records
  • Clarke's at Faneuil Hall Bar & Pub Restaurant
  • Boston Medical Aesthetics Spa & Massage Center Alternative Medicine Practice
  • Dr. Anna Kitsos, DMD Dental Office
  • Jennifer C. Canesi, NP Spa & Massage Center Alternative Medicine Practice
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$805k
CAP Approach CAP
$810k
Comparable Approach Comparable
by Request
Blend (final) Blend
$805k
Owner & transaction history
Doctors Of S Boston LLC · 2 yrs held
Doctors Of S Boston LLC
since 2024
Last sale
$805,000
2 recorded transactions
2024
$805,000
1987
$487,500
Zoning & alternative use
CC · Boston, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Zoning Maps | Bostonplans.org
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