Listing Agency: Coldwell Banker Morehart Realty m***@nmrk.com Show Phone

Listed By: Matthew Malatesta · License #6501395883

Source: Nmrk

Added: Jan 27 Changed: Jul 10 Last Checked: Aug 1 at 5:04AM

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Investment Insights

Based on property information with market context.

Office space is available within a three-building campus located in Wells Park, the office hub of the N2 area. The property is situated approximately 1.5 miles from I-95.

Key Highlights

• Located in WELLS PARK - the office hub of the N2
• Office space available
• Three building campus

Property Analytics

Property Profile

Current Use

Burns & McDonnell Engineering Consultant

Suggested Use

Top Pick Restaurant Auto Repair Shop Dental Office Big Box & Wholesale Store Building Supply Real Estate Agency

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

638

Businesses Nearby

Explore this area Business Placement

Demographics for 02459, MA

19,017

Population

6,828

Households

2.8

Avg Household Size

44

Median Age

84%

College-Educated

98%

High-School Grad

5.0 sq mi

ZIP Area

3,803

Density / Sq Mi

$214,941

Median Household Income

$87,409

Median Earnings

$2,308

Median Rent

$1,336,200

Median Home Value

Market

Lease Benchmarks for Newton, MA

$36.42 /SF/Yr

Avg Asking Price

$20.31–$80 /SF/Yr

Price Range

5,145 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

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Frequently Asked Questions

What type of property is this?

Office units - Office space available in the Wells Park office hub.

Where is this office units located?

The property is located at 7-57 Wells Avenue Newton, MA.

What are key features of this property?

This property features: Located in WELLS PARK - the office hub of the N2; Office space available; Three building campus