226 Harvard Avenue — Sale in Allston, MA

  • Price: $167K
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Allston, MA 02134
  • Year built: 2008

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Description

JLL Capital Markets presents the exclusive opportunity to acquire 226 Harvard Avenue (the “Property”), a 27,462 SF mixed use building located at the intersection of Allston and Brookline, Massachusetts. Positioned just 5 miles from Downtown Boston between Brighton and Commonwealth Avenues in the Packard’s Corner neighborhood, the Property offers investors the opportunity to acquire a fully leased, institutionally located retail asset in one of Greater Boston’s most dynamic urban infill submarkets. The Property is 100% leased to a strong roster of three necessity-based and service-oriented tenants including Planet Fitness, Bookmark Medical, and Bay State Physical Therapy. The tenancy provides durable cash flow supported by a weighted average lease term of 9.0 years and a weighted average tenant tenure of 6.3 years. Constructed in 2008, the Property is 73 years newer than the average retail vintage within a 5-mile radius, offering investors potential outperformance in a differentiated physical asset with limited near-term capital needs. 226 Harvard Avenue is supported by an affluent and densely populated consumer base of approximately 439,735 residents within a 3-mile radius with an average household income of $167,215. The Property represents a rare opportunity to acquire a stabilized urban retail asset with long-term income durability, strong demographic fundamentals, and exceptional positioning within one of the Boston area’s most supply-constrained and high-growth neighborhoods.

Market Context

This retail in Allston, MA is listed for sale at $167,215. The building dates to 2008. Compare it against other retail listings for sale in Allston, MA — view the full market.

As of Q4 2025, the Boston retail market showed a 3.2% vacancy rate, average asking rents near $24.93/SF/yr, rents up 2.5% year over year, and cap rates around 7.3%. Source: Matthews Q4 2025 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Boston?
About 7.3% as of Q4 2025, per Matthews.
Is the Boston retail market tightening or softening?
Vacancy is around 3.2%, with asking rents rising year over year (Q4 2025).

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