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201-207 South St 82,290 SF Office Building Boston, MA 02111 For Sale
INVESTMENT HIGHLIGHTS
- SHOVEL-READY DEVELOPMENT OPPORTUNITY Fully permitted for hotel conversion with no entitlement risk, no union requirements and no mitigation agreements
- INVALUABLE URBAN LOCATION Steps from diverse demand drivers, including the South Station transit hub plus tourist attractions and employment hubs
- POTENTIAL FOR HISTORIC TAX CREDITS Applications are in process for federal and state credits worth up to 35% of qualified development costs
- BOSTON HOTEL MARKET STRENGTH Boston is one of the highest-performing and most resilient hotel markets in the United States, currently ranked third
- FIRST HOTEL IN THE LEATHER DISTRICT Prime location in a rapidly emerging neighborhood within the high barrier-to-entry Downtown Boston market
- REPOSITIONING OF AN EXISTING ASSET Adaptive reuse of a well-maintained brick-and-beam structure minimizes construction risk compared to ground-up
EXECUTIVE SUMMARY
Newmark’s Lodging Capital Markets & Boston Capital Markets Group has been exclusively retained by City Realty Group to market 201-207 South Street, a fully permitted, shovel-ready opportunity to reposition an existing 83,000-square-foot brick-and-beam office building into The Lost Brahmin Hotel, a 118-key upper-upscale boutique hotel. This unique offering presents future ownership with an exceptional opportunity to leverage the asset’s historic charm, fully assembled development team and prime location near South Station in Downtown Boston’s vibrant Leather District. It further provides the ability to capitalize on Boston’s high-performing and resilient hotel market with minimal entitlement risk.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
82,290 SF
Building Class
A
Year Built/Renovated
1915/1981
Tenancy
Single
Building Height
6 Stories
Typical Floor Size
13,715 SF
Slab To Slab
13’
Building FAR
7.87
Lot Size
0.24 AC
Zoning
M-8
AMENITIES
- Bus Line
- Commuter Rail
- Metro/Subway
- Signage
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $13,049,605 CAD | |
| Land Assessment | $8,304,508 CAD | Total Assessment | $21,354,113 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$8,304,508 CAD
Improvements Assessment
$13,049,605 CAD
Total Assessment
$21,354,113 CAD
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201-207 South St
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