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Office Suite in Converted Church
For Lease
$32 SF/Yr
Pending

288 Walnut #1, Newton, MA 02460

First-floor office suite in Newton, near transportation and amenities.

Space SizeContact for details
Days on Market121

Property Features for 288 Walnut #1

General Information

Standard status Pending
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $9,999

Building Details

Year Built 9999
Listing Agency: Red Tree Real Estate
Listed By: Adam Kotkin · License #9510337
Source: Corcoran
Added: Apr 15 Changed: Aug 8 Last Checked: Aug 8 at 2:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Red Tree Real Estate

Investment Insights

Based on property information with market context.

This first-floor office suite features three rooms, including two offices and a large common area. The property is located within an old church building that was converted into an office building in the 1980s. Situated in a walkable area with a walk score of 88, the location offers convenient access to neighborhood parking and ample on-street parking directly across from the building. Commuter rail access is readily available with a stop located at the building. A supermarket is located across the street.

Key Highlights

  • Commuter rail stop directly at the building.
  • Excellent walkability (88 walk score).
  • On‑street parking available directly across from the building.

Property Analytics

Current Use

Insight Education: College ... Training Center Suzanne Merlis, Psychologist Physician Zielonka Financial Services ... Tax Preparation Caitlin Jones, LMHC Mental Health Clinic Meghan Miklusak, Counselor Psychotherapist

Suggested Use

Top Pick Dental Office Restaurant Big Box & Wholesale Store Auto Parts Store Furniture & Home Goods Hair Salon

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
$4.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,238
Businesses Nearby

Demographics for 02460, MA

9,204
Population
4,171
Households
2.2
Avg Household Size
43
Median Age
78%
College-Educated
98%
High-School Grad
1.3 sq mi
ZIP Area
7,080
Density / Sq Mi
$154,329
Median Household Income
$82,458
Median Earnings
$2,606
Median Rent
$1,124,300
Median Home Value

Market

Lease Benchmarks for Newton, MA

$30.56 /SF/Yr
Avg Asking Price
$4.54–$80 /SF/Yr
Price Range
7,541 SF
Avg Space Size

This space is priced 5% above the average of $30.56 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - First-floor office suite in Newton, near transportation and amenities.
Where is this office units located?
The property is located at 288 Walnut #1 Newton, MA.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: Commuter rail stop directly at the building.; Excellent walkability (88 walk score).; On‑street parking available directly across from the building.
More about this property
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