Building Details

Year Built 1950

Listing Agency: Gibson Sotheby's International Realty a***@nemoves.com Show Phone

Listed By: Albert Bouchie · License #9522540

Source: Corcoran

Added: Jul 29, 2024 Changed: Jul 6 Last Checked: May 10 at 8:27PM

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Investment Insights

Based on property information with market context.

This property offers street-level retail or office space located in Arlington Center. The property, with an area of 2015 square feet, features an open floor plan. It is currently used as a Day Spa, but it presents many potential uses as a retail or office suite.

Key Highlights

• Street level retail‑office space
• Located in Arlington Center
• Open floor plan

Property Analytics

Property Profile

Current Use

MERLE NORMAN COSMETICS ... Hair Salon

Suggested Use

Top Pick Nail Salon Pharmacy Hair Salon Big Box & Wholesale Store Accounting Firm Parking Lot & Garage

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

Lease Details

NNN (Triple Net)

Lease Type

$5.70 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,722

Businesses Nearby

Explore this area Business Placement

Demographics for 02474, MA

28,551

Population

12,541

Households

2.3

Avg Household Size

40

Median Age

74%

College-Educated

98%

High-School Grad

3.1 sq mi

ZIP Area

9,210

Density / Sq Mi

$139,199

Median Household Income

$80,498

Median Earnings

$2,157

Median Rent

$887,000

Median Home Value

Market

Lease Benchmarks for Arlington, MA

$38.78 /SF/Yr

Avg Asking Price

$36–$40 /SF/Yr

Price Range

1,763 SF

Avg Space Size

This space is priced 2% below the average of $38.78 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Street-level retail or office space in Arlington Center.

Where is this retail space located?

The property is located at 715 Massachusetts Ave Arlington, MA.

What is the lease rate?

The lease rate is $38 SF/Yr.

What are key features of this property?

This property features: Street level retail‑office space; Located in Arlington Center; Open floor plan