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Marcus & Millichap lists Boston North End retail redevelopment site
The 10,401-square-foot property is fully leased on a triple-net basis and includes as-of-right redevelopment up to five stories.
ConnectCRE reports that Marcus & Millichap has an exclusive listing to sell 85-95 Salem St. in Boston’s historic North End, with Evan Griffith and Tony Pepdjonovic leading the marketing effort.
The property is a single-story retail building with four units on a 0.19-acre lot, and it is fully occupied by Antico Forno, Wild Duck Market, City Smoke Shop, and Luxie Nail Spa.
Marcus & Millichap said the site offers a redevelopment path to up to five stories on an as-of-right basis, and emphasized that its triple-net lease structure is designed to keep landlord responsibilities minimal.
The listing also highlights the property’s visibility and pedestrian activity, citing millions of tourists each year, North End residents, and overflow from Boston’s Financial District.