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    557 Highland Ave Needham, MA 02494

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    For Lease
    Contact for pricing

    Redevelopment site for life science, research, and development space.

    Property size:
    475,000 SF
    Lot size:
    9.28 Acres

    Property Features for 557 Highland Ave

    General Information

    Size
    475,000 SF
    Lot size
    9.28 Acres

    Source: Bulfinch Agent Mike B. Wilcox

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

    Overview

    Redevelopment Site on Highland Avenue

    The site of the former Muzi Ford Dealership on Highland Ave is planned for redevelopment into a new state-of-the-art facility to support market demands for life science, research and development space. The 10 +/- acre site was purchased in late 2021 by an affiliate. Its highly visible location on Rt 128/ 95 is an attractive opportunity for a headquarters location at the gateway to Needham. The site benefits from its close proximity to the MBTA Commuter Rail, under a mile away, as well as recent area infrastructure improvements including an additional RT 128/ 95 lane, new bike lanes and bridge widening, all of which support more commuting options and enhance the commuter experience for future tenants.
    Insight Report Location Intelligence

    Current Use by Public Records

    Muzi Collision Center Auto Body Shop Muzi Motors Inc ... Auto Body Shop Muzi Ford & Chevy ... Ford Dealer

    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
    -71.2283006
    Latitude
    42.3023867

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    FAQs

    What type of property is this?
    Office building - Redevelopment site for life science, research, and development space.
    Where is this office building located?
    The property is located at 557 Highland Ave Needham, MA.
    What are key features of this property?
    This property features: - Redevelopment opportunity into a state-of-the-art facility.; - Highly visible headquarters location on Rt 128/95.; - 10 +/- acre site.
    (781) 707-4000
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    557 Highland Ave Needham, 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
    557 Highland Ave Needham, MA 02494
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