32 Fairfield Street presents the rare opportunity to own a very versatile asset in the heart of the Back Bay neighborhood. Both unit 32-1 and unit 32-2 have the ability to be used principally for either business and/or commercial purposes or may be used principally for residential purposes (with trustee approval - not to be unreasonably withheld). The units feature several recent interior and exterior upgrades and renovations that make this a turnkey opportunity for an owner occupier or investor. Highlighting the property are the private deck area and the exclusive covered parking area with direct unit access. The property is ideally located directly on Fairfield Street just steps from bustling Newbury Street and in one of the most sought after areas in the city. The opportunity is ideal for an owner occupier or investor looking to capitalize on several potential avenues of income - office, residential and parking. The Back Bay submarket is one of the most active retail areas in the city and consists mainly of two one-way streets, Boylston Street and Newbury Street along with two of Boston’s only indoor malls – Prudential Center and Copley Place. The area continues to be the dominant retail area primarily due to the existing retail co-tenancy, high office density and occupancy, significant tourism draw, access to public transportation and strong residential population. Boylston Street continues to be a desirable location for food and beverage tenants, financial institutions and QSR concepts. Newbury Street continues to be the focus of new retail brands entering the market (apparel, jewelry, direct to consumer etc.) with central location of Clarendon and Exeter Streets being the most competitive. Over the past 12-18 months the vacancy rate has dropped significantly and the demand for space remains strong.
*Brokers have ownership interest in property.