Winthrop, MA Commercial Real Estate for Sale and Lease
If you are in the market for commercial real estate in Winthrop, MA, look no further than Boston City Properties. On this page, you can sign up to access our free, searchable MA real estate database, which includes listings for commercial space in this and all other towns and cities in the state. We can also connect you with real estate professionals in the area who can guide you through the rest of the process.
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What to Expect
This bustling Suffolk County city is directly adjacent to Boston, and it had a population of around 17,500 in 2010. Opportunities abound for investors and business owners alike, with ample amounts of office, retail and industrial space typically available at most times.
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With proximity to Boston and a prime setting right on the waterfront, this town is poised for retail and commercial growth. As of 2010, it had a population count of about 15,000. It is situated right by the Boston Harbor, which offers the opportunity for shipping and also makes the town a hot spot for tourism. The town was settled in 1630 and established in 1852, which makes it one of the oldest communities in the country. Given its location on the water, the town’s economy was historically based on fishing, shipping, and other maritime activities. Business and commerce are still found in the town today, and the town’s business growth and development is made possible by several nearby major roadways and the Boston Logan International Airport, which is located just minutes away. The town is less than 10 miles from Boston, which makes it a prime living spot for Boston’s daily workforce.
Winthrop Commercial Investment Properties
Four distinct business centers, proximity to major transportation hubs and its appeal as a residential center make this town an attractive place for both businesses and investors. The town is a center for several key businesses, including an ACE Hardware store, a CVS pharmacy, a USPS center, and a grocery store. Along with these established commercial enterprises, the town is also located near several major shopping plazas and malls, which brings in quite a bit of foot and vehicular traffic. An advantage for retailers in this town is that there has traditionally been a strong sense of a small business community, and that community remains strong even with the arrival of larger box stores and retailers, which began to set up shop in and around the town in the 1990s.
In addition to its business landscape, the town’s proximity to several major transportation routes and its public transportation systems make it a desirable place to conduct business. A prime roadway that services the area is Massachusetts Route 145, which is the sole state route in town. Route 145 is a key method of transportation for commuters as well as for businesses that need to ship their products locally and regionally. The town is also within easy reach of the Mass Pike, which is a significant route for both citizen travelers and business transportation. For public transportation, the town is serviced by several lines of the MBTA, which includes a bus route and a commuter rail. Additionally, a railroad line and station lie within the town’s borders, which are especially important for transporting large volumes of freight. Along with land-based transportation, the town also takes advantage of the fact that it is located right on the water. There is a ferry service that operates from the town across the Boston Harbor, which is designed for both commuting and tourism.
Following the trend other neighboring Boston municipalities, this town is considered to be a prime site in the coming years for ecommerce and tech companies. These companies are looking for exactly what the town, and the Boston metro area in general, has to offer. This includes good prices and available space, which comes in the form of warehouses, industrial buildings, mixed-use facilities, retail centers, and developable land. The proximity to land, water, and air transportation is considered a major selling point for incoming ecommerce companies in particular, who need access to a range of shipping services to keep their customers happy. A recent, and projected future, trend in the Boston metro area has been for companies to fill a void of producing consumer goods at a considerably high volume, and usually within a quick turnaround time. This trend is being led by notable ecommerce giants, like Amazon, which is seeking to acquire about eight million square feet of space and bring about 50,000 jobs to the area in the next few years.
Winthrop Office Space Market
Office space across all sectors is considered to be a premium in this town. Businesses are looking to acquire a combination of Class A and Class B office spaces, with the demand for more spacious and less luxurious Class B facilities outpacing the demand for premium Class A buildings. Class B buildings, which includes warehouse and industrial buildings, is currently driving the office space market. Demand for Class A buildings is found primarily among companies that need buildings for specific uses, such as medical professionals, financial services, and law offices. Entrepreneurial companies, tech companies, and ecommerce companies, in contrast, are finding that they can make better use of time and money by seeking out Class B facilities, which are typically strategically located along major thoroughfares and have the large volumes of space that they need to carry out business. In the 3rd segment of 2017, warehouse buildings had about a 43 percent market share, which was the most out of any commercial market. The second highest demand was for flexible use buildings, which made up just under a quarter of the market. High bay and manufacturing buildings made up 18 percent of the market apiece.
Prices for commercial properties in this town vary, as is not uncommon for the Boston area. A type of office space that prospective tenants might find available for lease is a single 0.20-acre space in a building on Fremont St. The space is listed for a price of about $0.78 per SF each month. The building covers a distance of about 8,520 SF. It was constructed in 1880 and offers a good location, but like many Class B facilities, might need some improvements and upgrades to be suitable for modern activities.
Winthrop Retail Space Market
Given the town’s tradition towards supporting small and local businesses, there is ample potential for sales and leases in the retail market. Retail space is available in a variety of settings, including in the bustling downtown center and in shopping centers and strip malls located farther away from the downtown area. The retail market is sympathetic to both small businesses and larger retailers, which creates a win-win situation for both businesses and investors. Opportunities can be had for businesses in both categories, as there is a mix of retail spaces offered for sale and rent in a multiple sizes and locations. In the retail sector, like the commercial sector, there is an increasing tendency to seek out space that can be adapted to specific uses and provide a custom and personalized finish. Price points are usually lower for buildings that might need some renovation and maintenance to make them client-worthy, but the recent trend in the Greater Boston area has shown that prospective tenants are favoring those spaces over move-in ready Class A properties.
An sample of a retail space on the market in this town is a 2,826 SF building on Pleasant St. The building is listed for sale, and it is suitable for general retail purposes. It is a storefront property with a lot size of 0.01 AC. The building is categorized as a Class C building, which means that incoming business owners can expect to put some money and time into the building’s improvements. The building was constructed in 1943, and it is located in an area that is somewhat conducive to public transportation and pedestrians. The building comes with several parking spaces, and it can also be converted into a combination of residential and retail use.
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