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Banking Center
For Sale
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1 Chestnut Street, Newton, MA 02465

Existing bank facility with no banking deed restrictions.

Property Size2,473 SF
Days on Market90

Property Features for 1 Chestnut Street

General Information

Standard status Active
Size 2,473 SF
Property subtype Retail

Properties For Sale

at 1 Chestnut Street Contact us

Land Area

Size
6,970 SF
Type
Retail
Availability
Available
Contact us
Listing Agency: CBRE Boston 99 High Street
Listed By: John Ferris · License #9565465
Source: Cbre
Added: Jun 2 Changed: Aug 29 Last Checked: Aug 29 at 9:02PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE Boston 99 High Street

Investment Insights

Based on property information with market context.

This banking center has a stated property size of 2473 and is offered without banking deed restrictions. The property is located at 1 Chestnut Street in Newton, MA 02465. The acquisition process is described as a modified bid process and is associated with a national bank.

Key Highlights

  • Banking center with a stated property size of 2473
  • No banking deed restrictions
  • 1 Chestnut Street, Newton, MA 02465

Property Analytics

Current Use

Bank of America Home ... Loan Service

Suggested Use

Top Pick Hair Salon Dental Office Restaurant Nail Salon Computer & Electronic Repair Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

749
Businesses Nearby
63k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 66% Shops & Services 19% Dining 14% Beauty & Spa 1%
Trader Joe's Groceries
41,205 visits/mo 0.4 miles
Dunkin' Donuts Dining
8,683 visits/mo 0.1 miles
Shell Shops & Services
8,122 visits/mo 0.1 miles
Santander Bank Shops & Services
2,252 visits/mo 0.0 miles
Sullivan Tire Shops & Services
1,059 visits/mo 0.3 miles

Demographics for 02465, MA

12,415
Population
4,452
Households
2.8
Avg Household Size
42
Median Age
78%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
5,643
Density / Sq Mi
$174,518
Median Household Income
$93,021
Median Earnings
$2,251
Median Rent
$1,098,600
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Bank - Existing bank facility with no banking deed restrictions.
Where is this bank located?
The property is located at 1 Chestnut Street Newton, MA.
What are key features of this property?
This property features: Banking center with a stated property size of 2473; No banking deed restrictions; 1 Chestnut Street, Newton, MA 02465
More about this property
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