304 Newbury StBoston, MA 02115

Property Details for 304 Newbury St

Year built

1899

Lot size

0.07 AC

Property size (Sq ft)

2,865 SF

Zone code

C

Property type

Retail space

APN

CBOS W:05 P:03111 S:004

APU

CBOSW05P03111S004

Description

This exceptional 1,318 square foot retail space is ideally situated at 304 Newbury Street in the heart of Boston, Massachusetts. Located in Suffolk County, this property offers a unique opportunity for a variety of commercial ventures. The entire space is currently vacant, presenting a blank canvas for a new tenant to customize and design to their specific needs. The "Street Retail" classification ensures high visibility and foot traffic, making it an excellent location for businesses seeking maximum exposure. The property is categorized as a multi-tenant building, although the entire 1,318 square feet is available for lease as a single unit. This presents a rare opportunity to secure a substantial and highly desirable retail space in a prime Boston location. The address, 304 Newbury Street, Boston, MA 02115, places the property within a vibrant and bustling commercial district, offering excellent accessibility for both customers and employees. The property's size and location make it suitable for a wide range of retail businesses, from boutiques and cafes to specialty shops and showrooms. Interested parties are encouraged to inquire for further details and leasing information. This is a truly exceptional opportunity to establish a thriving business in one of Boston's most sought-after retail locations.

• CAP approach

  CAP return

  Valuation

  6%

  $541,966

  6.5%

  $500,277

  7%

  $464,543

• Comparable approach

  Method

  Valuation

  Relative Method

  $389,315

  Geo Method

  $389,315

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $975,588

  Mixed-Use / Specialty

  $498,493

  Hospitality / Lodging

  $365,729

  Office

  $495,532

  Institutional / Educational

  $518,232

  Residential Income

  $606,332

  Multifamily

  $727,201

  Automotive / Energy

  $444,199

  Parking / Income-Based Land

  $153,288

  Restaurant / Food Service

  $259,270

  Healthcare / Senior Housing

  $511,195

Location Insight

City

Boston

County

Suffolk

State

Massachusetts

Latitude

42.3487

Longitude

-71.0851

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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