343 Newbury StBoston, MA 02115

Property Details for 343 Newbury St

Year built

1919

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

23,976 SF

Zone code

C

Property type

Retail space

APN

CBOS W:05 P:03009 S:000

APU

CBOSW05P03009S000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,827,005

  6.5%

  $5,378,774

  7%

  $4,994,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,894,414

  Geo Method

  $7,894,414

• Alternative Use

  Use

  Valuation

  Residential

  $4,537,197

  Hospitality

  $4,156,048

  Educational

  $3,457,783

  Medical

  $3,576,702

  Retail

  $5,378,774

Location Insight

City

Boston

County

Suffolk

State

Massachusetts

Latitude

42.3486

Longitude

-71.0871

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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