21 Merchants Row Ste 2a Boston, MA 02109-2040
- Office Properties & Spaces
- 1,675 SF
- 0.04 lot acres
Current Use by Public Records
- Clarke's at Faneuil Hall / Function Room Facility / Pub
- Boston Medical Aesthetics / Medical Spa
- Dr. Anna Kitsos, DMD / Dentist
- Jennifer C. Canesi, NP / Medical Spa / Nurse Practitioner
- ATM / Atm
Property Details for 21 Merchants Row Ste 2a
- Lot size
- 0.04 lot acres
- Property size
- 1,675 SF
- Zone code
- CC
- Property type
- Office Properties & Spaces
- APN
- CBOS W:03 P:03738 S:020
- APU
- CBOSW03P03738S020
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $805,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $910,000
- 6.5%
- $900,000
- 7%
- $880,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $765,000
- Geo Method
- $755,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $795,000
- Retail
- $945,000
- Mixed-Use
- $745,000
- Hospitality
- $790,000
- Educational
- $935,000
- Residential Income
- $970,000
- Energy
- $825,000
- Income-Based Land
- $940,000
- Food Service
- $820,000
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.0554
- Latitude
- 42.3594
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA