Boston Retail Property Sells for $1.2 Million at $923 Per Square Foot
121 Charles St S in Boston, MA, a 1,300 square foot retail property, was sold for $1.2 million at a price of $923 per square foot.
A retail property located at 121 Charles St S in Boston, MA has been sold for 1.2 million, according to public records. The property, which spans 1,300 square feet, was sold at a price of 923 per square foot. The buyer and seller were not disclosed, and no brokers or lenders were involved in the deal.
The property is located in the Beacon Hill neighborhood of Boston, which is known for its historic architecture and high-end shopping and dining options. The property is situated on a busy street with high foot traffic, making it an attractive location for retailers.
The sale price of 1.2 million at 923 per square foot is in line with recent sales in the area. According to data from CoStar, the average sale price per square foot for retail properties in the Beacon Hill neighborhood over the past year was $935.
The sale of 121 Charles St S is indicative of the strong demand for retail properties in Boston, despite the challenges faced by the retail industry in recent years. The city’s strong economy and high population density make it an attractive market for retailers, and investors are willing to pay a premium for well-located properties.
Overall, the sale of 121 Charles St S is a positive sign for the Boston retail market, and it will be interesting to see how the property is utilized by its new owner.