Roslindale Retail Space - For Rent & Sale
Typical Properties
Located at 1 Corinth Street, the classic brick building has one story that spans most of the block. Custom business signage is mounted over the entryway, which is recessed from the sidewalk to provide shelter from the weather. Double automatic doors usher in customers. Located across from a two story brick building with elaborate moldings and period details from the early 20th century, this commercial complex has a vast interior with an open floor plan that is perfect for the display of any number of goods or types of inventory. A series of square windows lines the side of the building, and a small parking lot makes up the rest of the lot area. Trees are planted in the sidewalk and line the perimeter of the parcel. Several major institutions are located nearby, as is a traffic roundabout that helps to encourage vehicular traffic to drive in to the parking lot. With approximately 10,000 square feet of leasable area, this complex has been beautifully maintained.
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Retail Space
The property at 1420 Centre Street was built around 1900, and includes gorgeous exterior columns with elaborately detailed mini-turrets along the roof line. Located on a street dense with boutiques and single story commercial suites, the structure has floor to ceiling display panes encircling the entryway, which is located on the corner. A USPS mailbox stands guard directly outside the door. The interior features exposed brick and high ceilings with skylights. The tile floor compliments the hanging light fixtures, which provide illumination in addition to the ample amount of natural light streaming in from the windows. The visibility provided by the windows makes this 2,500 square foot space a pleasant place from which to watch traffic and other passerby.
Meanwhile, the property at 4257 Washington Street has an elegant clapboard exterior that is three stories in height. The ground floor suites are distinguished by a brown trim which can double as business signage or as an aesthetic motif. White wood frames create a beautiful setting for the floor to ceiling glass panes, which offer room for the display of any number of goods. The property is adjacent to numerous other commercial properties, including a two story tan brick structure that dates from 1920. Located across from a public library and a row of boutique shops, the property is ideal for a business that caters to foot traffic. Parking is available on the street in front of the ground floor units, as well as in an adjacent parking lot ringed by trees. The floor plan is relatively adaptable; built-in furnishings here are rare, and do not interfere with tenant needs. The building has been meticulously maintained and has an airy, light filled feel inside.
For those seeking a more modern commercial suite, the complex at 30 Corinth Street has ample amounts of interior room for larger commercial enterprises. With very high ceilings, the approximately 17,000 square foot complex has an open floor plan that is illuminated by banks of windows with attractive green mullions. Parking is available both on the street and in a lot around the corner. The front entryway features sliding automatic doors that are sheltered by a brick and concrete portico. Foot traffic is common along the busy sidewalk, and many shoppers live within walking distance of the store. Several other commercial enterprises inhabit low slung complexes on the adjacent corners. Murals are not uncommon in this part of town. Business signage is typically mounted above the entryway, or mounted on a sign that hangs above the street.
Average Renting and Buying Prices
The average rent for this area of the city is $2.50 per square foot per month, while the average purchase price is about $380 for a commercial suite.
Located in the heart of downtown, the low slung complex at 18 Corinth Avenue combines a glass and steel entryway with a solid beige exterior, creating a welcoming unit that draws in pedestrian traffic. Built in 1900, the interior features exposed brick walls and polished hardwood floors, and has a quaint exterior patio that is paved with brick. The patio has numerous landscaping elements, including a large vine that has taken over one side of the building. A small red awning provides cover over the large windows that visually connect the patrons outside with those on the inside. The street features a number of trees and small shrubs along the sidewalk. Parking is available directly out front and along the side alley. With 1,500 square feet of leasable area, suites of 540 square feet are available. The rent for this structure is $3.16 per square foot per month.
The property at 1610 Blue Hill Avenue is located at the southern edge of this city on a busy block stuffed with ground floor suites, stores, and restaurants. With a brick and stone exterior, the interior has an open floor plan and tall ceilings perfect for large displays or unusual inventory. With 5,000 square feet, the rent for this property is approximately $1.84 per square foot per month.
The unit at 37 Brookley Road is on the northeastern edge of this city, and offers a flexible classification for a forward thinking retailer. The interiors feature carpeted flooring and a vivid color scheme. Built in 1964, the unit combines the best features of modernism with the latest in technological access. The 8,060 square feet of available area are divided into suites ranging from 1,300 square feet to 2,000 square feet. A two bay garage is located onsite, and the suites are located near a slew of dining, shopping, and other business options, making it a vibrant locale. The rent for this property ranges from $1.15 to $1.35 a square foot per month.
Also located near the northeastern border of the town, the property at 761-769 Centre Street is located near a dynamic strip of boutique shops and restaurants on a frequently walked sidewalk. Trees line the street, and parking is available directly in front of the store. With 18,272 square feet of total available area, this property functions as both a beautiful existing storefront and a potential development opportunity. Numerous suites make up the total square footage, and seperate entrances are provided for each one. Built in 1910, the structure has been beautifully maintained, with renovations as needed. Signage is provided on the exterior of the storefront above the ample display windows. The property has been listed for sale, but the price has not been publicly released.
The property at 11 East Milton Road has 5,000 square feet of leasable area spread over three stories. Each unit has beautiful views and is located in a charming restored Victorian structure with elegant bay windows and a charming front porch. The interiors feature hardwood floors and brightly lit interiors that make the most of natural light. The fixtures throughout the building have been updated and each unit has a relatively configurable layout, depending on specific tenant needs. The walls have been painted with vivid colors and in some cases come with vintage wallpaper. The sale price for this property is $2,199,000, or $439.80 per square foot.
Real Estate News
Known for its charming neighborhoods and walkable business districts, this area of the city has seen a few recent developments in the form of condominiums that feature a few ground floor commercial suites. The project at 20 Taft Hill, which is scheduled to open in 2018, is adding 19 new units of housing to the area. The project has been conveniently placed next to the Roslindale Village commuter rail stop, and has much higher asking prices than the traditional housing stock in this neighborhood, which now has an average price per square foot of $323. Another apartment complex has also been approved at 317 Belgrade Avenue, which will take the form of a four story structure will 21 individual units, as well as the potential for 5,980 square feet of ground floor commercial suites.
What does this portend for the rest of the neighborhood? The proximity of this city to downtown Boston, in combination with its penchant for one to three story structures, is a strong indicator toward more developments of this type. The careful weaving of commercial and residential units with an emphasis on being within walking distance to public transit indicates that the city is ready to welcome a new wave of growth. This growth has been designed to attract visitors from other parts of the metropolis, as well as build hubs for commerce. Much like the developments in Quincy and Revere, Roslindale appears to be embracing a formula of creating ample new units in an easily accessible area and allowing these projects to add value to the surrounding neighborhood and businesses.
The tight knit fabric of the community, combined with its relatively modest urban density, has meant that the majority of approved new developments have been modest in scale. This neighborhood is unlikely to approve a massive 100,000 square foot plus development in the near future. However, this is good news for investors. Other areas of the city have become very competitive in terms of maximizing footprints. This town still is capable of creating modestly sized projects that will only continue to accumulate in value as they are woven into the fabric of the larger community. In this fashion, the town cleverly avoids a boom and bust cycle while still adding highly profitable suites to its stock. Several major retailers have or are currently making plans to open smaller versions of their signature stores in the village, including Target.
Those visionaries who would like a steady return on their investment would do well to purchase property in this region. The gradual wave of growth will allow for the creation of long term businesses that foster a dedicated customer base. The town’s track record of creating properties that are relatively affordable but offer their best value when purchased as opposed to leased is likely to continue into the foreseeable future.
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Retail Space