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    990-992 Great Plain Ave Needham, MA 02492

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    For Sale
    Contact for pricing

    Fully leased mixed-use building in the heart of downtown Needham.

    Property size:
    18,976 SF
    Lot size:
    0.19 Acres

    Property Features for 990-992 Great Plain Ave

    General Information

    Size
    18,976 SF
    Lot size
    0.19 Acres

    Source: 128 CRE Agent Jeremy A. Freid

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in Downtown Needham

    Located in downtown Needham, this mixed-use building at 990-992 Great Plain Avenue offers 18,976 square feet of space on a 0.19-acre lot. The property is fully leased to four tenants, including one retail tenant, Masala Art Indian Restaurant, and three office tenants. The location benefits from high traffic counts, direct access to the largest municipal parking lot in the Downtown, strong foot traffic, outdoor patio seating, and convenient access to transportation. The existing lease for Masala Art has a five-year term with below-market rent, offering upside potential and the flexibility to terminate the lease with 12 months notice. The building infrastructure is suitable for a full-service restaurant. The site is near restaurants and retail shops, with walkable access to public transportation, including the Needham Center Commuter Rail Station and various bus routes. It is adjacent to a municipal park with parking for approximately 190 cars and is less than two miles from I-95/128.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Needham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2365228
    Latitude
    42.2799947

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    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use building in the heart of downtown Needham.
    Where is this mixed-use property located?
    The property is located at 990-992 Great Plain Ave Needham, MA.
    What are key features of this property?
    This property features: - Fully leased mixed-use building in the heart of downtown Needham.; - Stable income stream with value-add potential due to below-market rent for the restaurant tenant.; - Option to terminate the restaurant lease, offering flexibility for investors or owner-users.
    (617) 959-1319
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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
    990-992 Great Plain Ave Needham, MA 02492
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