Listing Agency: Boston Realty Advisors j***@bradvisors.com Show Phone

Listed By: Whitney Gallivan · License #9557247

Source: Moodyscre

Added: Apr 11, 2025 Changed: Jul 6 Last Checked: Jul 21 at 6:04AM

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Investment Insights

Based on property information with market context.

This 1,400 square foot property is suitable for a medical spa, boutique small group fitness center, or other retail uses. It is situated at a key traffic circle in Chestnut Hill, Massachusetts. The surrounding area has a median household income of $162,000 and a median home value of $1.5 million. The area's workforce is predominantly white collar, with 75% of residents holding a bachelor's degree or higher.

Key Highlights

• High median household income of $162,000
• High median home value of $1.5 Million
• Location at a key traffic circle

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Restaurant Hair Salon Nail Salon Food Market Grocery & Convenience Store Spa & Massage Center

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

818

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Chestnut Hill, MA

$35.12 /SF/Yr

Avg Asking Price

$24.33–$49 /SF/Yr

Price Range

1,689 SF

Avg Space Size

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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Frequently Asked Questions

What type of property is this?

Retail space - Versatile 1,400 SF space suitable for retail or medical use.

Where is this retail space located?

The property is located at 183 Grove St Chestnut Hill, MA.

What are key features of this property?

This property features: High median household income of $162,000; High median home value of $1.5 Million; Location at a key traffic circle