BOSTON — A prominent retail property in Boston’s historic North End has been put on the market, offering investors an opportunity to acquire an income-producing asset with potential for future redevelopment.
Marcus & Millichap announced the exclusive listing of 85-95 Salem Street, a 10,401-square-foot, single-story retail property occupied by four established North End businesses. Evan Griffith and Tony Pepdjonovic of the firm’s Griffith Pepdjonovic Group are leading the marketing campaign on behalf of the seller.
The property sits on approximately 0.19 acres along Salem Street, one of the North End’s busiest commercial corridors. According to Marcus & Millichap, neighborhood zoning permits development of up to five stories as-of-right, creating the potential to add residential units above the existing retail space…