Historic Coworking Mansion in a Walkable Neighborhood

Sugar House commands premium pricing thanks to its combination of historic charm and modern functionality. The 8,000‑square‑foot footprint allows for a mix of office suites, coworking desks and event areas. The property enjoys strong, predictable cash flow from long‑term office tenants and high demand for its conference rooms and outdoor spaces. Its position within a thriving neighborhood near restaurants, parks and colleges provides a continual turn-key space, a healthy flow of leads, and a valuable flagship site for an expanding operator.

The location operates on a lean model with part‑time staff handling tours and member services. Because the mansion is a landmark, minimal marketing has been needed to maintain near‑full occupancy.

To date, the business has relied on organic website traffic and the strong reputation of the brand. Future growth could be achieved through targeted digital marketing to drive additional conference room revenue or to increase office pricing by another 20%.

The space is financially sound with full office occupancy and the real estate was recently renovated in 2022. Financial statements and rent rolls can be shared under NDA.

The current offices are priced below market - enhancing digital advertising and local partnerships should justify a 20-30% increase in office pricing and boost conference room bookings. The easier growth opportunities have already been taken advantage of and created steady and predictable cash flow. Given the neighborhood’s ongoing redevelopment, demand for coworking and virtual memberships is likely to rise, providing a long runway for rate increases.

The current owner is a veteran in the coworking sector who expanded this brand into three locations. They own the real estate and have built a stable, cash‑flowing business. They are now consolidating their portfolio and will assist the buyer during transition.