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Second-Generation Restaurant and Retail
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1185-1197 Centre St, Newton Centre, MA 02459

1,894 SF second-generation restaurant space plus 951 SF retail space are available with multiple nearby parking options.

Property Size1,894 SF
Days on Market498

Property Features for 1185-1197 Centre St

General Information

Standard status Active
Size 1,894 SF
Property subtype RETAIL
Listing Agency: CBRE | Boston
Listed By: Josh Kulak · License #9054391
Source: Moodyscre
Added: Mar 20, 2025 Changed: Jul 27 Last Checked: Jul 29 at 1:13PM

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

Investment Insights

Based on property information with market context.

Second-generation restaurant space totaling 1,894 SF and an additional 951 SF retail space are available for lease. The offering includes multiple parking options, including the Newton Centre Triangle municipal lot (126 spaces), Pleasant Street municipal lot (76 spaces), and Pelham Street municipal lot (88 spaces), along with on-street parking.

The property is approximately 0.2 miles from the Newton Centre MBTA Station on the Green Line. Boston College’s main campus is about one mile away, with a student population reported at more than 14,000. The immediate retail mix includes Tatte, JP Licks, CVS, Mr. Sid, Cork & Board, Johnny’s Luncheonette, Blackbird Doughnuts, and others.

Within one mile, the area is described as having 16,051 people, with a daytime population of 16,214. The area is also noted as high-income, with an average household income reported at more than $280,000 within one mile.

Key Highlights

  • 1,894 SF second‑generation restaurant space plus 951 SF retail space available for lease
  • Near multiple municipal parking options: Newton Centre Triangle lot (126 spaces), Pleasant Street lot (76), Pelham Street lot (88), plus on‑street parking
  • 0.2 miles to Newton Centre MBTA Station on the Green Line (1,891 average weekday riders)

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Grocery & Convenience Store Building Supply Kitchen & Bath Showroom Pharmacy

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

Location Intelligence

Trade Area within ½ mile

1,935
Businesses Nearby
12k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 82% Home Improvements & Furnishings 18%
Shell Shops & Services
2,755 visits/mo 0.2 miles
Santander Bank Shops & Services
2,650 visits/mo 0.5 miles
Sherwin-Williams Paint Store Home Improvements & Furnishings
2,281 visits/mo 0.5 miles
Gulf Oil Shops & Services
2,133 visits/mo 0.4 miles
Learning Express Shops & Services
1,612 visits/mo 0.4 miles

Demographics for 02459, MA

19,017
Population
6,828
Households
2.8
Avg Household Size
44
Median Age
84%
College-Educated
98%
High-School Grad
5.0 sq mi
ZIP Area
3,803
Density / Sq Mi
$214,941
Median Household Income
$87,409
Median Earnings
$2,308
Median Rent
$1,336,200
Median Home Value

Market

Lease Benchmarks for Newton Centre, MA

$35.12 /SF/Yr
Avg Asking Price
$24.33–$49 /SF/Yr
Price Range
1,689 SF
Avg Space Size

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?
Retail space - 1,894 SF second-generation restaurant space plus 951 SF retail space are available with multiple nearby parking options.
Where is this retail space located?
The property is located at 1185-1197 Centre St Newton Centre, MA.
What are key features of this property?
This property features: 1,894 SF second‑generation restaurant space plus 951 SF retail space available for lease; Near multiple municipal parking options: Newton Centre Triangle lot (126 spaces), Pleasant Street lot (76), Pelham Street lot (88), plus on‑street parking; 0.2 miles to Newton Centre MBTA Station on the Green Line (1,891 average weekday riders)
(860) 803-6684 Call to check price and availability
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