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990-992 Great Plain Ave Needham, MA 02492

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For Sale
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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

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.
More about this property
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