46-48 Maverick Sq - Storefront Retail/Office FOR SALE


$3,150,000 USD
617-850-9647
46-48 Maverick Sq, Boston, MA for Sale
$3,150,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | Request Cap Rate


HIGHLIGHTS

  • Exceptionally well-located retail asset.
  • Benefits from proximity to major investment drivers like MBTA blue line and Boston Logan International Airport.

OVERVIEW

Boston Realty Advisors is pleased to present the opportunity to acquire 46-48 Maverick Square, a 7,000 SF retail asset located on the corner of the highly desirable Maverick Square in East Boston. This exceptionally well-located retail asset benefits from its proximity to the areas major investment drivers including the Maverick stop on the MBTA blue line, literally just hundreds of feet away, Boston Logan International Airport, less than a 10-minute drive by car, and the millions of square feet in the development pipeline. The property benefits from a tenant mix of both local and national credit tenants. The first floor of this three-story building is leased to Metro PCS and a local travel agency. These tenants have established themselves within the local “Eastie” community and draw a high amount of business volume to the property on a daily basis. The second floor of the building is currently leased to long term credit tenant, Verizon Wireless. Verizon has shown a strong commitment to its tenancy by investing in substantial building infrastructure and improvements, which will remain in place to support its wireless telecommunications operations. The remainder of the second floor consists of a local acupuncture clinic and the third floor of the property is leased to CRG Realty, a local real estate agency. 46-48 Maverick Square offers investors the rare opportunity to purchase an extremely well-located retail asset in a high-barrier to entry submarket. Located just steps from the MBTA blue line, Boston Logan International airport, and a multitude of new multifamily developments, this retail asset could not be better positioned for long term growth. Boston Realty Advisors will be conducting tours of the property in the coming weeks with a “call-for-offers” to follow.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$450 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

R3

APN/PARCEL ID

EBOS-000000-000001-005677,EBOS-000000-000001-005678

ASK ABOUT THIS PROPERTY

Kevin BenzingerBoston Realty AdvisorsMore Info
617-850-9647

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Kevin BenzingerBoston Realty AdvisorsMore Info
617-850-9647

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