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    50 Central Ave Needham Heights, MA 02494

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    For Sale
    Contact for pricing

    4,700 SF retail/office building with redevelopment potential in Needham.

    Property size:
    4,700 SF
    Lot size:
    0.75 Acres

    Property Features for 50 Central Ave

    General Information

    Size
    4,700 SF
    Lot size
    0.75 Acres

    Source: 128 CRE Agent Tyler J. Capecci

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

    Overview

    Needham Mixed-Use Redevelopment Opportunity

    Located in Needham, Massachusetts, the property at 40-50 Central Street features a 4,700 square foot retail/office building on a 32,016 square foot lot, equivalent to 0.96 acres. This property presents opportunities for owner-users, investors, or developers in the MetroWest Boston suburban market. The existing two-story building is suitable for various commercial uses and offers redevelopment potential. Permits have been approved for an 18-unit mixed-use project, including 15 residential units (three affordable) and 3 commercial retail units, providing an option for entitled development or alternative strategies. The property is also suitable for an owner-user aiming to control their real estate or as a multi-tenant building with ample parking, accommodating flex and professional uses. Situated near Needham Center, the property provides access to I-95/Route 128, the Massachusetts Turnpike (I-90), and public transportation via the Needham Heights Commuter Rail Station. The location benefits from strong demographics, limited new multifamily supply, and consistent demand, making it a centrally located property in a sought-after suburban submarket west of Boston.
    Insight Report Location Intelligence

    Current Use by Public Records

    NYB SR22 Insurance ... Insurance Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Needham Heights
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2284472
    Latitude
    42.3111934

    FAQs

    What type of property is this?
    Mixed-use property - 4,700 SF retail/office building with redevelopment potential in Needham.
    Where is this mixed-use property located?
    The property is located at 50 Central Ave Needham Heights, MA.
    What are key features of this property?
    This property features: - Approved permits for an 18-unit mixed-use project (15 residential, 3 commercial) offer immediate redevelopment potential.; - Located in a highly desirable MetroWest Boston suburban market with strong demographics and limited multifamily supply.; - Existing 4,700 SF retail/office building suitable for owner-user or multi-tenant configuration.
    (781) 640-5858
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    50 Central Ave Needham Heights, MA 02494
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    50 Central Ave
    Needham Heights, MA 02494
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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
    50 Central Ave Needham Heights, MA 02494
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