278 Dartmouth Street

Newbury Street Parking Lot Sells for $40 Million

The parking lot at the corner of Newbury and Dartmouth Street in Boston has sold for $40 million to Chicago-based L3 Capital.

The property features a 9,973 square foot parking lot occupied by SP+ Parking in one of the most heavily trafficked areas of the city in Boston's Back Bay.

Newbury Street Parking Lot For Sale

The property at 278 Dartmouth Street is coming to market and could fetch a hefty price tag.

Real Estate brokers, HFF, are representing the owners of the iconic parking lot that is situated on the corner of one of Boston's most heavily trafficked streets. The property features a 9,973 square foot parking lot occupied by SP+ Parking on the corner of Dartmouth and Newbury Street in Boston's Back Bay.

With recent acquisitions on Newbury Street reaching from tens to hundreds of millions of dollars, this iconic location is sure to command a high price. An expected sale should take place by summer 2019.