Press Releases
Marcus & Millichap Exclusively Lists Iconic North End Boston Retail & Redevelopment Site
September 22, 2026
BOSTON, Sept. 22, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the exclusive listing for sale of 85-95 Salem Street in Boston's historic North End neighborhood. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap are leading the exclusive marketing campaign on the seller’s behalf.
“This is a generational opportunity to acquire a single-story urban retail property on one of the most highly trafficked streets in Boston. Neighborhood zoning allows five-stories as-of-right adding a significant future redevelopment opportunity for residential units above the existing retail,” said Tony Pepdjonovic, Senior Managing Director. “The property has a rich history in the North End as the current ownership operated a hardware store on the site, which was a neighborhood staple from 1964 to 2016 before subdividing the building into separate storefronts.”
“The property is fully leased on a triple-net basis, providing investors minimal landlord responsibilities. The property benefits from exceptional visibility and consistent pedestrian activity from the millions of tourists each year, North End residents, and the overflow from the Financial District,” added Evan Griffith, Senior Managing Director.
85-95 Salem Street is a 10,401-square-foot single story retail property comprised of four units situated on a 0.19-acre lot. It is fully occupied by Antico Forno, a North End Institution for 30 years, Wild Duck Market, City Smoke Shop and Luxie Nail Spa and provides a tremendous as-of-right redevelopment up to five stories. The property is situated in the most walkable neighborhood in Boston convenient to the Financial District, TD Garden at North Station, Rose Kennedy Greenway, Interstate-93 and the MBTA Commuter Rail and Orange/Green Lines.
“This is a generational opportunity to acquire a single-story urban retail property on one of the most highly trafficked streets in Boston. Neighborhood zoning allows five-stories as-of-right adding a significant future redevelopment opportunity for residential units above the existing retail,” said Tony Pepdjonovic, Senior Managing Director. “The property has a rich history in the North End as the current ownership operated a hardware store on the site, which was a neighborhood staple from 1964 to 2016 before subdividing the building into separate storefronts.”
“The property is fully leased on a triple-net basis, providing investors minimal landlord responsibilities. The property benefits from exceptional visibility and consistent pedestrian activity from the millions of tourists each year, North End residents, and the overflow from the Financial District,” added Evan Griffith, Senior Managing Director.
85-95 Salem Street is a 10,401-square-foot single story retail property comprised of four units situated on a 0.19-acre lot. It is fully occupied by Antico Forno, a North End Institution for 30 years, Wild Duck Market, City Smoke Shop and Luxie Nail Spa and provides a tremendous as-of-right redevelopment up to five stories. The property is situated in the most walkable neighborhood in Boston convenient to the Financial District, TD Garden at North Station, Rose Kennedy Greenway, Interstate-93 and the MBTA Commuter Rail and Orange/Green Lines.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
