781-608-4026
201-207 South St, Boston, MA for Sale
Office - FOR SALE
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201-207 South St
Boston, MA 02111
Leather District


HIGHLIGHTS

  • SHOVEL-READY DEVELOPMENT OPPORTUNITY Fully permitted for hotel conversion with no entitlement risk, no union requirements and no mitigation agreements
  • BOSTON HOTEL MARKET STRENGTH Boston is one of the highest-performing and most resilient hotel markets in the United States, currently ranked third
  • INVALUABLE URBAN LOCATION Steps from diverse demand drivers, including the South Station transit hub plus tourist attractions and employment hubs
  • FIRST HOTEL IN THE LEATHER DISTRICT Prime location in a rapidly emerging neighborhood within the high barrier-to-entry Downtown Boston market
  • POTENTIAL FOR HISTORIC TAX CREDITS Applications are in process for federal and state credits worth up to 35% of qualified development costs
  • REPOSITIONING OF AN EXISTING ASSET Adaptive reuse of a well-maintained brick-and-beam structure minimizes construction risk compared to ground-up

OVERVIEW

Newmark’s Lodging Capital Markets & Boston Capital Markets Group has been exclusively retained by City Realty Group to market 201-207 South Street, a fully permitted, shovel-ready opportunity to reposition an existing 83,000-square-foot brick-and-beam office building into The Lost Brahmin Hotel, a 118-key upper-upscale boutique hotel. This unique offering presents future ownership with an exceptional opportunity to leverage the asset’s historic charm, fully assembled development team and prime location near South Station in Downtown Boston’s vibrant Leather District. It further provides the ability to capitalize on Boston’s high-performing and resilient hotel market with minimal entitlement risk.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

A

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

M-8

APN/PARCEL ID

CBOS-000000-000003-005348,CBOS-000000-000003-005349

ASK ABOUT THIS PROPERTY

Casey ValenteNewmarkMore Info
781-608-4026

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Casey ValenteNewmarkMore Info
781-608-4026

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.