470 Washington StBoston, MA 02135

Property Details for 470 Washington St

Year built

2003

Construction

BRICK

Lot size

0.94 AC

Property size (Sq ft)

20,200 SF

Zone code

C

Property type

Super regional malls

APN

BRIG W:22 P:05159 S:000

APU

BRIGW22P05159S000

Description

Park Center Plaza, located at 470 Washington Street in Boston, Massachusetts, presents a unique opportunity for retail businesses seeking a prominent location in Suffolk County. This Class A retail property offers a total of 11,948 square feet, currently entirely vacant and available for lease. The building is comprised of two suites, providing flexibility for various business needs. Individual spaces range from a minimum of 2,200 square feet to a maximum contiguous space of 9,748 square feet, allowing for both smaller and larger retail operations. The property's address on Washington Street in Boston's vibrant 02135 zip code ensures high visibility and accessibility to a large customer base. The building's classification as Class A signifies its high-quality construction and modern amenities. This is an exceptional opportunity to establish or expand a retail presence in a prime Boston location. The entire 11,948 square feet is available for lease, offering a rare chance to secure a significant retail footprint in a desirable market. Interested parties are encouraged to inquire for further details and leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $4,909,305

  6.5%

  $4,531,666

  7%

  $4,207,976

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,651,116

  Geo Method

  $6,651,116

• Alternative Use

  Use

  Valuation

  Residential

  $3,822,630

  Hospitality

  $3,501,508

  Educational

  $2,913,214

  Medical

  $3,013,404

  Retail

  $4,531,666

Location Insight

City

Brighton

County

Suffolk

State

Massachusetts

Latitude

42.3486

Longitude

-71.1596

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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