$3,500,000

About this home

Generational opportunity to acquire a cash-flowing asset in the heart of downtown Boston, situated on one of the city's most coveted blocks. Spanning five stories plus a basement and boasting approximately 18,500 square feet, the building has an optimal footprint for the area and use. The property is currently 60% occupied with all long-term leases in place, allowing for an owner-occupant to occupy their office space while still cash flowing, or for an investor to build on the already robust NOI. There is clear potential to boost the NOI through the lease-up of the two vacant suites, driving the income to an unprecedented cap rate. Located just two doors down from Millennium Tower on a charming, historic block of Franklin Street, the property benefits from wider streets and excellent spacing that offer a uniquely less congested downtown feel. This asset is offered as a package with the building next door, but can be sold separately or together, with preference given to offers on both buildings. See disclosures.The site also possesed enormous upside, located in the sky zoning district, which now allows for construction of residential towers.

Property details

MLS

MLS Property Information Network

MLS #

73598350

Property type

Commercial Sale

Subdivision

N/A

Status

Active

Days on market

1

On market date

November 3, 2026

Stories

N/A

Total bathrooms

N/A

Garage spaces

N/A

Parking spaces

N/A

Lot size

0.07 acres

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.