859-863 Washington St - Storefront FOR SALE


$1,550,000 USD
781-710-4544
859-863 Washington St, Boston, MA for Sale
$1,550,000 USD
Storefront - FOR SALE
1/16
null | 5.9% Cap Rate

859-863 Washington St
Boston, MA 02124
Codman Square-East Codman Hill


OVERVIEW

Fantastic investment opportunity ideally located on busy Washington Street in Dorchester. This 3,465 sqft commercial building sits on an 8,752 sqft lot of land and features ample on-site parking behind the building. The building consists of two commercial spaces currently leased to a liquor store and a pizza shop. Each commercial space also features a full basement. The liquor store lease runs through 11/30/2033 with rent increases every two years. Current liquor store rent is $6,600/month and increases to $6,900/month on 12/1/2025. The pizza shop is tenant at will and currently pays $2,100/month, which will increase to $2,200/month on 10/1/2025. Gross income of $109,200 is based on combined rents as of 12/1/2025. Roof approximately 12 years old. Large 8,752 sqft lot of land could offer future redevelopment potential. Seller and seller's agent make no representations as to the potential development of the site. Buyer and/or buyer's agent to conduct their own due diligence.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$447 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

C

APN/PARCEL ID

DORC-000000-000017-002981

ASK ABOUT THIS PROPERTY

Anthony BrunoGibson Sotheby's International RealtyMore Info
781-710-4544

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Anthony BrunoGibson Sotheby's International RealtyMore Info
781-710-4544

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