Landmark Kenmore Square Property Hits the Market

The Red Sox could not be reached for comment yesterday. Robert Doherty, with Beal and Co., which is marketing the 19,500 sf, three-building brownstone tells GlobeSt.com that interest in the buildings have been intense. "We've had residential developers looking at it, non-profits looking at it as well as institutions and universities." Much of the interest in the interconnected building stems from both its location just steps from Kenmore Square and its turn-of-the-century architecture, he adds.

While Doherty says an asking price has not been set on the property, a source familiar with the sale tells GlobeSt.com that the three buildings could command between $8 million and $10 million, or between $300 and $400 per sf, because of their location. Other properties in the area, including one at 347 Commonwealth Ave. just a block away, recently sold for $370 per sf and another at the intersection of Massachusetts and Commonwealth avenues went for more than $400 per sf, the source says.

Designed by architect Charles Howard Walker, who was also responsible for the Waterworks in Chestnut Hill, the three attached buildings were constructed in 1895 as single-family residential units at the junction of Beacon Street and Commonwealth Avenue. The property was bought in 1921 by the Waterman Family, which operated a funeral home at the location until about 15 years ago when it leased the property to another funeral home operator. When the lease on that property expired recently, the family decided to sell the buildings, which are now all vacant, says Doherty.