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    329-331 Chestnut St Needham, MA 02492

    Pending
    For Sale
    $1,925,000

    Commercial Sale - Needham, MA

    Lot size:
    0.29 Acres
    Days on Market:
    46
    Last Refresh:
    Dec 14 at 4:06 am

    Property Features for 329-331 Chestnut St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    CS
    Lot size
    0.29 Acres

    Building Details

    Year built
    1942
    Architectural style
    Other

    Keller Williams Boston South West (781) 251-2101 [email protected]

    Listing agent Connor Gillen (781) 449-1400

    Listing date Oct 30, 2025

    MLS# 73444158 Listing URL

    Copyright © 2025 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Needham Center Freestanding Commercial Building

    Located in the heart of Needham Center, this well-maintained freestanding commercial building at 329-331 Chestnut Street offers a rare opportunity. The property features a 4,400+ SF building situated on a 12,415 SF lot. A notable feature is the availability of 17 on-site parking spaces. The building is fully leased to three established tenants, including an orthodontic practice, a tutoring center, and an after-school education program, each with strong rental histories and Modified Gross leases. The property is located within the Needham MBTA zone, just a two-minute walk to Needham Junction Station, providing accessibility for commuters and customers. The location on Chestnut Street benefits from a mix of local and national businesses, ensuring consistent foot traffic. This property is suitable for an owner-user or investor seeking a stable, income-producing asset in a commercial corridor.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Needham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.238173
    Latitude
    42.274533

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    FAQs

    What type of property is this?
    Storefront property - Well-maintained commercial building in high-demand location with strong tenants.
    Where is this storefront property located?
    The property is located at 329-331 Chestnut St Needham, MA.
    What is the asking price?
    The asking price for this property is $1,925,000.
    What are key features of this property?
    This property features: - Prime Needham Center location with high foot traffic.; - Rare freestanding commercial building with **17 on-site parking spaces**.; - Fully leased to 3 established tenants with strong rental histories.
    (781) 449-1400
    Request Owner's contact information
    329-331 Chestnut St Needham, MA 02492
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    Needham, MA 02492
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    329-331 Chestnut St Needham, MA 02492
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