Property profile

246 Border St 260 East Boston, MA 02128

OFF-MARKET
Grocery and convenience stores
Property ID
US38-1347145
49,565 SF 11.06 ac lot Built 1998
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2.13-acre commercial land parcel presents a unique investment opportunity in Boston's vibrant waterfront district. Located at 246 Border Street, in the desirable 02128 zip code, this property is zoned WMU (Waterfront Mixed-Use Subdistricts) within Suffolk County, Massachusetts, offering significant development potential. The single-tenant designation provides flexibility for a variety of commercial uses, catering to businesses seeking a prominent location with high visibility. The expansive lot size allows for substantial construction, accommodating large-scale projects or smaller, strategically planned developments. Given its prime waterfront location in Boston, this property is ideally situated to capitalize on the area's thriving economy and strong demand for commercial space. The site's proximity to major transportation arteries and other key amenities further enhances its appeal. This is a rare chance to acquire a significant land holding in a highly sought-after area of Boston, offering substantial long-term growth potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is currently available for lease. Detailed zoning information and development guidelines are readily available upon request.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1998
Construction BRICK
Total area 49,565 SF
Lot 11.06 ac (481,612 SF)
Zoning code C
APN EBOS W:01 P:05926 S:001
UPID US38-1347145

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
  • Grocery & Convenience Store Food Market
  • Bank Loan Service
  • General Contractor
  • Cinema (Bike/Boat/Book/etc) Store
  • Bank Credit Union

Location

246 Border St, Unit 260 East Boston, MA 02128-1618
East Boston metro Census 50300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$12.31M
Comparable Approach Comparable
$8.21M
Blend (final) Blend
$12.02M

Owner & transaction history

since 2016
1 recorded transaction
2016
Price N/A

Zoning & alternative use

C · East Boston, MA

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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