222 Newbury StBoston, MA 02116

Property Details for 222 Newbury St

Year built

1899

Construction

BRICK

Lot size

0.06 AC

Property size (Sq ft)

7,732 SF

Zone code

C

Property type

Office buildings

APN

CBOS W:05 P:03222 S:000

APU

CBOSW05P03222S000

Description

This exceptional investment opportunity presents a prime Boston storefront at 222 Newbury Street, in the heart of the city's renowned shopping district. The property, encompassing 14,400 square feet, consists of two five-story buildings constructed in 1899, situated on a substantial 5.04-acre lot. While the overall portfolio includes additional retail, office, and residential units, this offering focuses solely on the 14,400 square foot storefront property at 222 Newbury Street, priced at $10,500,000. This prime location offers significant potential for rental income growth through lease renewals and new tenant acquisition at market rates. The property's historical charm combined with its modern-day desirability makes it an attractive investment for discerning buyers. The asking price reflects the property's exceptional location and potential for future appreciation. While off-street parking for six vehicles is available within the larger portfolio, its availability for this specific storefront is not guaranteed and should be verified. Serious inquiries are encouraged, and offers are considered on a rolling basis. This is a rare chance to acquire a piece of Boston's rich commercial history and secure a strong return on investment. The property is located in Suffolk County, MA, zip code 02116.

• CAP approach

  CAP return

  Valuation

  6%

  $1,278,330

  6.5%

  $1,179,997

  7%

  $1,095,712

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,010,263

  Geo Method

  $1,010,263

• Alternative Use

  Use

  Valuation

  Residential Income

  $1,463,197

  Hospitality / Lodging

  $1,340,280

  Institutional / Educational

  $1,115,098

  Healthcare / Senior Housing

  $1,153,448

  Retail / Commercial

  $1,734,596

Location Insight

City

Boston

County

Suffolk

State

Massachusetts

Latitude

42.3497

Longitude

-71.0811

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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