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Property profile & analytics
OFF-MARKET Estimated value $5,405,000
Retail space

343 Newbury St Boston, MA 02115-2710

23,976 SF 0.14 ac lot Built 1919
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US38-1661317
Property summary
AI-generated overview

This exceptional retail property at 343 Newbury Street in Boston, Massachusetts offers a unique opportunity for businesses seeking high-visibility space in a prime location. The building, situated in Suffolk County, comprises 24,000 square feet across four stories, and is currently entirely vacant, presenting a blank canvas for a single large tenant or multiple smaller occupants. The property is classified as street retail, ensuring maximum exposure to pedestrian traffic. Multiple tenancy options are available, with spaces ranging from a minimum of 6,000 square feet to a maximum contiguous space of 24,000 square feet, providing flexibility to accommodate a variety of business needs and scales. The building's location on Newbury Street places it within a vibrant and bustling commercial district, attracting significant foot traffic and offering excellent accessibility. This is an unparalleled chance to establish a presence in one of Boston's most sought-after retail areas. The entire 24,000 square foot building is available for lease, offering a rare opportunity for a significant retail presence in the heart of Boston. The zip code is 02115.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1919
Construction CONCRETE
Total area 23,976 SF
Lot 0.14 ac (6,160 SF)
Zoning code C
APN CBOS W:05 P:03009 S:000
UPID US38-1661317
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
  • BODY WORLDS BOSTON: The Anatomy of Happiness Museum
  • The FRIENDS Experience: The One in Boston Resort
  • The Art of The Brick Exhibit Exhibit
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.09M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.41M
Owner & transaction history
343 Mgmt LLC · 18 yrs held
343 Mgmt LLC
since 2008
4 recorded transactions
2012
Price N/A
2010
Price N/A
2008
$1
1990
Price N/A
Zoning & alternative use
C · Boston, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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