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Newton Office Suite For Rent
For Lease
$25 SF/Yr
Pending

288 Walnut #1st, Newton, MA 02460

Office suite in converted church building with excellent transit access.

Space SizeContact for details
Days on Market155

Property Features for 288 Walnut #1st

General Information

Standard status Pending
Property subtype Commercial

Building Details

Year Built 9999
Listing Agency: Red Tree Real Estate
Listed By: Adam Kotkin · License #RE-B-9510337
Source: Corcoran
Added: Mar 31 Changed: Jul 10 Last Checked: Jul 23 at 9:54AM

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 commercial space, situated on the first floor, features a suite comprising two offices and a large common area. The building, originally a church, was converted into an office building in the 1980s. The location benefits from convenient access to transportation, with a commuter rail stop located directly at the building. Parking options include neighborhood parking and ample on-street parking available directly across from the building. A supermarket is located across the street, enhancing the convenience of the location. The area is highly walkable, boasting a walk score of 88.

Key Highlights

  • Commuter rail stop directly at the building for easy access.
  • Excellent walkability with a score of 88.
  • Two private offices plus a large common area.

Property Analytics

Current Use

Insight Education: College ... Training Center Suzanne Merlis, Psychologist Physician Zielonka Financial Services ... Tax Preparation Caitlin Jones, LMHC Psychotherapist 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
$3.75 /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

$32.81 /SF/Yr
Avg Asking Price
$4.54–$85 /SF/Yr
Price Range
5,781 SF
Avg Space Size

This space is priced 24% below the average of $32.81 /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 - Office suite in converted church building with excellent transit access.
Where is this office units located?
The property is located at 288 Walnut #1st Newton, MA.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Commuter rail stop directly at the building for easy access.; Excellent walkability with a score of 88.; Two private offices plus a large common area.
More about this property
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