59 Meridian St - Office/Residential FOR SALE


East Boston, MA 02128- Central Maverick Square-Paris St
$3,900,000 USD
617-653-4084
59 Meridian St, East Boston, MA for Sale
$3,900,000 USD
Office/Residential - FOR SALE
1/20
null | Request Cap Rate


HIGHLIGHTS

  • Near Maverick Square and Transportation Hub
  • MU-5 Zoning to expand to a 5 story building

OVERVIEW

Prime redevelopment and value-add opportunity in the heart of East Boston at 59–63 Meridian Street, with an additional entrance at 82 Paris Street—steps from Maverick Square and minutes from the sought-after Jeffries Point waterfront. This three-story commercial/mixed-use asset spans approximately 14,000 SF and offers significant upside for developers, investors, and owner-users seeking both in-place revenue and long-term appreciation. Current ownership has conceptual redevelopment plans already in place, providing a head start for builders and developers ready to move efficiently while retaining flexibility to refine, expand, or reposition the vision. MU-5 zoning allows for a broad range of business uses and supports building heights up to five floors creating potential for residential, residential-over-retail, medical, or creative commercial development. The property benefits from existing cash flow, including two leased retail storefronts along Meridian Street and a ground-floor leased office suite with a dedicated entrance at 82 Paris Street, helping offset operating costs during the planning phase. The entire second and third floors are vacant, presenting a blank canvas for adaptive reuse, phased redevelopment, or full repositioning. Multiple access points via elevator and stairwell from Paris Street, along with street-level stair access from Meridian Street, provide exceptional flexibility for future layouts and mixed-use configurations. Located approximately 0.3 miles from the Maverick MBTA Station and moments from the East Boston waterfront, ferry service to Downtown Boston, and major neighborhood amenities, the property is positioned within one of Boston’s most active and rapidly evolving markets. Surrounded by ongoing and planned development, the area continues to demonstrate strong demand, limited inventory, and compelling long-term growth fundamentals. A rare opportunity to secure zoning flexibility, existing revenue, and substantial redevelopment potential in a proven East Boston corridor. With development momentum accelerating throughout the neighborhood, this asset is well-positioned to deliver strong returns today and meaningful upside tomorrow. Financial disclosure available upon request.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

MU-5

APN/PARCEL ID

EBOS-000000-000001-005737

ASK ABOUT THIS PROPERTY

Fionnula BohanThe Deluxe TeamMore Info
617-653-4084

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Fionnula BohanThe Deluxe TeamMore Info
617-653-4084

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