85-95 Salem Street — Sale in Boston, MA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Boston, MA 02113

Photos

85-95 Salem Street — Sale in Boston, MA, photo 1 of 2
85-95 Salem Street — Sale in Boston, MA, photo 2 of 2

Description

85–95 Salem Street presents a generational retail opportunity with significant redevelopment upside in the heart of Boston’s historic North End. The property is fully leased on a NNN-basis providing an investor minimal landlord responsibilities. The property benefits from exceptional visibility and consistent pedestrian activity along one of the most heavily trafficked streets in Boston. The property’s zoning allows for up to five stories as-of-right, providing investors with a rare opportunity to capitalize on future multifamily development above the existing retail in one of Boston’s most desirable residential neighborhoods. Investment Highlights: • Generational retail opportunity with redevelopment upside • Zoning permits 5 stories as-of-right • Iconic North End location. One of the most highly trafficked streets in Boston.

Market Context

This retail in Boston, MA is listed for sale. Compare it against other retail listings for sale in Boston, 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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