1004 Beacon StBrookline, MA 02446

Property Details for 1004 Beacon St

Year built

1934

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.58 AC

Property size (Sq ft)

16,176 SF

Zone code

L10

Property type

Retail properties

Property subtype

Turn key restaurants

APN

BROO B:001 L:0002 S:0008

APU

BROOB001L0002S0008

Description

Gateway Brookline offers 16,000 square feet of newly renovated (2023) retail space in Brookline, MA, ideally suited for restaurants. Seven suites are available, with a minimum divisible space of 2,205 square feet and a maximum contiguous space of 8,200 square feet. Currently, 10,080 square feet is vacant, presenting a unique opportunity for multiple tenants or a single large-scale operation. The property boasts a glass-covered and heated pergola extending along the entire Beacon Street frontage, providing ample al fresco dining space. This prime location offers four-season dining options, with exclusive outdoor seating areas assigned per lease. Situated at 1004 Beacon Street (cross street: Saint Mary's Street), the property benefits from its proximity to Boston University's South Campus and is within a five-minute walk of the main campus, student union, Agganis Arena, and the new Jenga Center for Computing, Data Science, and Mathematics. The building is zoned BUS and features one story. This is an exceptional opportunity to establish a thriving restaurant business in a vibrant and high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,931,333

  6.5%

  $3,628,922

  7%

  $3,369,714

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,326,162

  Geo Method

  $5,326,162

• Alternative Use

  Use

  Valuation

  Residential

  $3,061,132

  Hospitality

  $2,803,980

  Educational

  $2,332,879

  Medical

  $2,413,110

  Retail

  $3,628,922

Location Insight

City

Brookline

County

Norfolk

State

Massachusetts

Latitude

42.3464

Longitude

-71.1074

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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