Revere Retail Space - For Rent & Sale
Typical Properties
With an enormous onsite parking lot, the property at 1399 North Shore Road is part of a much larger commercial complex of approximately 39,646 square feet, and currently has a suite of 4,500 square feet of available for lease. Located off Route 1A near the coastline, this complex was completed in 2018 and features brand new facilities with several big box anchor tenants and lush landscaping throughout. Business signage is provided both on the buildings themselves and on a sign that is clearly visible from the street intersection.
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Retail Space
The complex at 275 Squire Road is a well established shopping area that has been home to grocery stores, cafes, and other business ventures. Located on an ample parking lot, the approximately 40,000 square foot structure features drop tile ceilings with track lighting, polished concrete floors, and an easily configurable floor plan that caters to the display of any number of goods. Storage is available onsite, and large display panes at the front make it easy to create festive and seasonal arrangements that cater to the neighborhood shopper. Several trees and small landscaped bushes dot the perimeter of the structure.
The commercial suite at 105 Squire Road has approximately 5,000 square feet of leasable area within a concrete and mortar masonry construction building. A brightly colored roof forms a steeple over the base of the structure, which has numerous windows with red frames that look out onto a parking lot. The interior features a built in restaurant counter as well as hanging light fixtures and carpeted floors.
The property at 207 Shirley Avenue is a low slung brick building that is located only feet from the sea. With parking available onsite, the approximately 2,100 square foot property has large display panes that enable patrons to enjoy the view while eating in air conditioned comfort. With drop tile ceilings and a colorful tiled floor, the interior features a relatively open floor plan with an onsite kitchen and bathroom. Potted plants hang from the windows, and a mural on the back wall provides an interesting asethetic compliment to the interior. The building is located next to several other boutique commercial suites. Most of these buildings have a blue awning and display business signage near the roof. Further down the block, a series of vintage historic structures three stories in height provide additional commercial suites and residential units. Visitors can also park on the street.
For those who enjoy a dramatic ocean view, the property at 480 Shirley Street provides an artful array of nautically themed curios in a freshly renovated interior. With a color palette of blue and white plaster featuring recessed lighting, this suite has hardwood floors and wooden paneling throughout. The exterior is clad in white clapboard and features a beautiful black canopy that not only shelters patrons from the elements but acts as a location for business signage and address information. The entryway is located on the corner of the street, and has brick stairs that lead up to the glass paned door. Located on a bustling block surrounded by numerous other shops, restaurants, and retailers, this property has a second story with bay windows and recently placed roof. The structure is approximately 4,300 square feet in size.
Average Renting and Buying Prices
The average rent for a commercial suite in this city is $1.50 per square foot per month, while the average purchase is approximately $200 per square foot.
Built in 1955, this warehouse-like space at 585 North Shore Road offers much to the investor with a creative eye and an innovative business plan. With two stories of relatively open floor plans perfect for custom configuration, this building is located off Route 1A on the coastline. With 6,457 square feet of available space, suites of 3,000 square feet are available for direct lease or multi partnership opportunities. An onsite parking lot makes it highly accessible to both visitors and inventory loading and maneuvering. The rent for this building is $1.50 per square foot per month.
For those investors looking to get into the very beginning stages of a development, the property at 0 Bellevue Avenue offers land that can be transformed into commercial suites. With 0.55 acres of area, the property is located blocks from Revere Beach off Route 60, and has already secured several necessary permits for construction. The price for this property is $1,200,000, or $50.08 per square foot.
The property at 345 Broadway is located in the center of town, and features two stories of commercial suites that look out on a bustling sidewalk. Surrounded by other businesses, stores, and restaurants, this structure has 2,736 square feet of total leasable area, and a fairly configurable floor plan with no specific built-in furnishings provided on delivery. Located 2.2 miles from the Chelsea Commuter Rail and 4.2 miles from Logan International Airport, this property was built in 1920 and has been well maintained. The sale price for this structure is $525,000, or $191.89 per square foot.
Meanwhile, the property at 185-189 Squire Road is located on a small parking lot and has an arresting visual aesthetic, with strips of gray horizontal slats interceding between banks of blue tinted windows. Commercial suites are located on both the ground and second floor, and the property is directly accessible from Route 60. With 6,117 square feet of leasable area, the property was originally constructed in 1965 and has been meticulously maintained. Made from cement block masonry with steel joists and a concrete floor, the building has a track record of providing excellent rooms for tenants who wish to take advantage of its stellar locale. The signature windows are made from aluminum frame thermopane, while the interiors have carpeted floors, painted drywall, and natural light provided by the windows. Located 3.7 miles from the River Works Commuter Rail, the structure is 5.5 miles from Logan International Airport. It has a sale list price of $1,500,000, or $245.22 per square foot.
The property at 121 Webster Avenue has a series of elevated placards that frame the commercial suites below them. With a tan plaster and concrete exterior, the building is located near Revere Beach Parkway, and has a total of 73,690 square feet of leasable area. Built in 1977, the well maintained building is within close distance of a slew of big box retailers and restaurants, and is located only 0.9 miles from the Chelsea Commuter Rail. The building offers suites ranging in size from 5,000 to 10,626 square feet, with a parking lot located at the rear of the building. Slender rectangular windows provide both light and a visually intriguing facade. The rent for this property is $1.25 per square foot per month.
Real Estate News
This city is notable for many reasons, but the fact that it shares a border with Boston proper makes it of special interest to savvy investors. This is highlighted by the existence of the Suffolk Downs project, which would create approximately 5.5 million square feet of new suites in Revere, and 11 million square feet in adjacent Boston. The 16.5 million square foot project would include between 450,000 and 550,000 square feet of retail, as well as 10,000 housing units and several hundred hotel rooms.
The project is still uncertain in its specifics because it is awaiting the announcement of a potential new Amazon headquarters at the 161 acre site. Amazon has short-listed the parcel among twenty other possible locations, making the land potentially highly valuable. The final announcement will likely come soon. In the meantime, the project has been approved in its broad concept, as whether or not Amazon chooses the parcel, the project will be able to exist in some form.
This massive new addition naturally will raise the property values of all neighboring commercial suites as well as increase the overall amount of traffic, both pedestrian and vehicular, in the region. This increase is good news for both commercially oriented investors and those who wish to see improvements in infrastructure. Recent projects in locations such as Quincy have shown the value of transit stations as potential new hubs for development. With the rapid expansion of Suffolk Downs, all neighboring public transit options will need to both expand the number of riders they can transport as well as consider alternatives to open parcels of land. Once a sustainable and thriving hub is established, continued developments are highly likely. Those who purchase lots of commercial land or existing buildings in the neighboring area are therefore primed to make a significant return on their initial investment.
In other development news, the property at 135 American Legion Highway was purchased in May 2017 for $54,600,000. The 50 acre property is home to the Necco candy manufacturing plant, which may or may not choose to renew its lease in August 2018. The 830,000 square foot structure is close to the Wonderland racetrack, which could be radically transformed if the development projects with Amazon and other corporations go as many hope they will. The parcel could either be renovated into creative suites, or be completely removed in favor of an all new mixed use project.
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From the bustling center of downtown to the windswept vistas of the seashore, this city has almost every imaginable property configuration. However, scrolling through the listings and attempting to line up an appointment on your own can take an enormous amount of time. This is why many of our clients love our viewing service; it offers the latest listings and the ability to secure appointments to view properties almost instantaneously.
The enormous development boom in the Greater Boston area has had an impressive effect on this city and the neighboring towns. As once sleepy storefronts become revitalized by the wave of new properties and proposed projects, our service is able to offer our clients the first look at listings that have either just come on the market, or are about to be posted. This means that our clients not only have the advantage in viewing properties, but in knowing about their existence in the first place.
When you sign up for our service, we help you find your ideal property by asking you a series of questions. We try to determine what your ideal configuration is, not only in terms of size and locale, but in regard to the specifics of the lease and the duration of your occupancy. We help you identify specific criteria, such as the build out specs or furnishings that would best suit your enterprise. We identify the type of property that appeals to you, whether it's a restored historic storefront downtown or a freshly built development near the coastline. Most importantly, we match you with a landlord or owner who wants the same general structure as you do when it comes to lease options and other amenities.
Through years of being involved in the market, we have developed a substantial contact list of local property owners and agents who can help you find exactly what you are looking for when are you looking for it. Our expertise isn’t just in the technical details; it is in matching professionals who will have a sustainable and mutually beneficial relationship. Because we insist on quality for both our clients and our business associates, we have one of the best reputations in the industry. This translates into fast, efficient service. Often we are able to secure viewings in properties that are difficult to access through customary means. We pride ourselves on being informed and capable of meeting our clients’ needs.
We are keeping a close eye on developments with the Suffolk Downs project. We are also currently actively monitoring listings near Squire Road, Route 1, and the beach. Depending on your specific interests, we can help you locate a property with strict commercial zoning, or a structure that has a flexible zoning and is therefore open to innovative businesses. These latter types of structures generally have a lower rent and purchase price than their traditionally zoned contemporaries, and can be customized to serve any number of purposes. Whatever suite you may be seeking, our viewing service will make it easy to find. Sign up today to take a tour of our services!
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Retail Space