1766 Centre StBoston, MA 02132

Property Details for 1766 Centre St

Year built

1930

Construction

FRAME

Lot size

0.15 AC

Property size (Sq ft)

1,404 SF

Zone code

C

Property type

Office buildings

APN

WROX W:20 P:05732 S:000

APU

WROXW20P05732S000

Description

This exceptional three-story, 2,106 square foot office building presents a compelling investment opportunity in West Roxbury, Boston. Situated on a 6,731 square foot lot (approximately 0.15 acres), this free-standing commercial property boasts a high-traffic location with 15,600 vehicles passing daily. The building features 1,404 square feet of net rentable space and is currently configured as a multi-tenant property with a tenant-at-will lease structure expiring December 31, 2024. The property offers ample yard space and on-site off-street parking, adding significant value. Zoned for Neighborhood Shopping (NS), this property presents a strong redevelopment opportunity in a highly desirable market. The building's traditional office layout is adaptable to various uses, making it an attractive option for owner-users or investors seeking a prime location in Greater Boston. The property's size and location make it ideal for a variety of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $232,123

  6.5%

  $214,268

  7%

  $198,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $183,447

  Geo Method

  $183,447

• Alternative Use

  Use

  Valuation

  Residential

  $265,692

  Hospitality

  $243,372

  Educational

  $202,483

  Medical

  $209,446

  Retail

  $314,973

Location Insight

City

West Roxbury

County

Suffolk

State

Massachusetts

Latitude

42.2872

Longitude

-71.1514

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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