272 Meridian St
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272 Meridian St
3,584 SF 100% Leased Retail Building East Boston, MA 02128 $2,561,490 CAD ($715 CAD/SF)
Investment Highlights
- Commercial Mixed-Use Building
- Central business district and shopping corridor
- MU-7 Zoning Area
Executive Summary
Own a mixed-use commercial/residential building in East Boston with strong cash flow or transform into a larger redevelopment project! This 4-story property features a commercial space on the street level, along with 3+ residential units above. Great for a profitable buy/hold with potential 7%+ cap rate. With notable luxury apartment developments nearby, take advantage of Mixed-Use 7 story Zoning Designation in this emerging and growing area of the East Boston Waterfront. Located in between East Boston’s Historic Eagle Hill and Maverick Square, enjoy the convenience of Liberty Plaza (CVS, Shaw's, Kappy's Liquors), Meridian street restaurants/shops and direct access to Downtown Boston via Maverick MBTA (0.5 mile) or water ferry!
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$199,554
|
$78.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$199,554
|
$78.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$46,467
|
$18.34
|
| Net Operating Income |
$153,087
|
$60.41
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $199,554 |
| Annual Per SF | $78.75 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $199,554 |
| Annual Per SF | $78.75 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $46,467 |
| Annual Per SF | $18.34 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $153,087 |
| Annual Per SF | $60.41 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,584 SF
Building Class
C
Year Built/Renovated
1899/1993
Price
$2,561,490 CAD
Price Per SF
$715 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
1.41
Lot Size
0.06 AC
Zoning
RC
Amenities
- 24 Hour Access
- Bus Line
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | EBOS-000000-000001-005936 | Improvements Assessment | $758,306 CAD |
| Land Assessment | $158,226 CAD | Total Assessment | $916,532 CAD |
PROPERTY TAXES
Parcel Number
EBOS-000000-000001-005936
Land Assessment
$158,226 CAD
Improvements Assessment
$758,306 CAD
Total Assessment
$916,532 CAD
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272 Meridian St
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