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65 Meridian St
Boston, MA 02128 Central Maverick Square-Paris St

$399,000 USD

Storefront Condo For Sale  •  597 SF

Property Details

  • Property Type Storefront
  • Total Building Size 1,395 SF
  • Lot Size 0.05 AC
  • Building Class B
  • Year Built 2017
  • Tenancy Multiple
  • Zoning CM
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit B Retail 597 SF $399,000 USD
  • Unit Size: 597 SF
  • Condo Use: Retail
  • Price: $399,000 USD
  • Sale Type: Investment
  • Price/SF: $668.34 USD
Description
Attention buy/hold investors looking to diversify their portfolio! 65 Meridian Street #B offers a great opportunity to own a rarely available commercial condo near the Maverick Square neighborhood of East Boston. This ground floor, retail space is currently occupied by Boost Mobile with a lease ending 12/30/2029, offering a 8.5% cap rate. This 4-story, 8 unit, mixed use building was constructed in 2019 with an amazing 96 walk score and high foot traffic, located 0.2 miles from the Blue Line Maverick MBTA and next to bustling waterfront with direct access to Downtown Boston. Take advantage of the emerging East Boston commercial market with heavy upside.

Sale Notes
Modified Gross Lease: Tenants pay separately metered utilities, Owner pays condo fees and taxes. Current rent is $3735/month with lease ending 12/30/2029

Highlights

Commercial Business District
Heavy Pedestrian Foot/Car Traffic
Strong Cap Rate or Owner Occupancy Option

Public Transportation

Commuter RailDriveWalkDistance
Boston (Downeaster - Amtrak) 4 min - 1.9 mi
North Station (Fitchburg Line - MBTA, Haverhill Line - MBTA, Lowell Line - MBTA, Newburyport/Rockport Line - MBTA) 5 min - 2.0 mi
Transit/SubwayDriveWalkDistance
Maverick Station (Blue Line - Massachusetts Bay Transportation Authority Subway (The T)) 0 min 4 min 0.2 mi
Airport (Blue Line - Massachusetts Bay Transportation Authority Subway (The T)) 5 min 12 min 0.7 mi
AirportDriveWalkDistance
General Edward Lawrence Logan International 4 min - 1.7 mi
Brian Rivas 617-955-0770 Carlton's Wharf & Co.
Brian Rivas 617-955-0770 Carlton's Wharf & Co.