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    28 Riverdale Ave Newton, MA 02458

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    For Sale
    $1,495,000

    Industrial building with three bays on a 0.75-acre site.

    Lot size:
    0.73 Acres

    Property Features for 28 Riverdale Ave

    General Information

    Lot size
    0.73 Acres

    Building Details

    Year built
    1950

    Source: Castlearch Property Advisors Agent Roberto Magno

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

    Overview

    Newton Industrial Building with Bays

    This industrial building, featuring three bays, is situated on a 0.75-acre site in Newton. The property is located alongside a newly constructed six-bay flex property at 30 Riverdale Ave. Its location provides access to the Mass Pike, Storrow Drive, and Route 20. Zoned M, the building will be conveyed as a condominium interest with 30 Riverdale Ave.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    Miss Jeanies Catering, Elisa's Catering, Fiouna Catering, The Kiddush Specialist, Better Life Food

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1942699
    Latitude
    42.3656326

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    FAQs

    What type of property is this?
    Flex space - Industrial building with three bays on a 0.75-acre site.
    Where is this flex space located?
    The property is located at 28 Riverdale Ave Newton, MA.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: - Rarely available block industrial building with **3 bays**.; - Located in Newton with great access to Mass Pike, Storrow Drive, and Route 20.; - Sits on a .75 AC site alongside a newly constructed six-bay flex property.
    (617) 823-5303
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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
    28 Riverdale Ave Newton, MA 02458
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