Street-Level Retail/Office
2a Hale Street Newton, MA 02464
2a Hale Street, Newton, MA, 02464
$349,000
For Sale
$349,000
Updated open-plan space with natural light and a half bathroom, plus street-level frontage for visibility.
Property Size1,400 SF
Price / SF$249.29
Days on Market774
Property Features for 2a Hale Street
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1895
Listing agency
Kraft Fine Homes
Listed by
Cynthia Lanciloti
(617) 661-6600
Source
Cambridgerealty
Added: Jun 9, 2024 Updated: Jul 21 at 1:27PM Checked: Jul 21 at 1:27PM
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 Kraft Fine Homes
Investment Insights
Based on property information with market context.
This updated street-level retail/office space features an open layout with abundant natural light, exposed beams, and antique frame joists. The unit was refreshed a few years ago with new paint and flooring, and the half bathroom received new fixtures. The space is designed with a flexible interior configuration that can support a range of small business uses.
The property is located at 2A Hale Street in Newton, MA, with frontage on Elliot and Hale Streets and a street-level entrance. The Business 1 zoning allows for a multitude of viable businesses, including physical therapy, convenience store, retail outlet, hair/nail salon, massage spa, ice cream parlor, antique gallery, and artists cooperative, among others. Easy access to Route 9 (east and west) and Route 95 (north and south) supports convenient customer and business travel.
Offered for sale, the unit provides approximately 1,400+ square feet of interior space and includes a half bathroom for day-to-day operations.
The property is located at 2A Hale Street in Newton, MA, with frontage on Elliot and Hale Streets and a street-level entrance. The Business 1 zoning allows for a multitude of viable businesses, including physical therapy, convenience store, retail outlet, hair/nail salon, massage spa, ice cream parlor, antique gallery, and artists cooperative, among others. Easy access to Route 9 (east and west) and Route 95 (north and south) supports convenient customer and business travel.
Offered for sale, the unit provides approximately 1,400+ square feet of interior space and includes a half bathroom for day-to-day operations.
Key Highlights
- Updated open‑plan space with natural light and exposed beams and antique frame joists
- Over 1,400 sq ft with a street‑level entrance and layout currently configured as open space
- Includes a half bathroom with new fixtures
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.7k | $21.96 |
| − Vacancy | −$2.0k | −$1.43 |
| EGI | $28.7k | $20.53 |
| − OpEx | −$8.6k | −$6.16 |
| NOI | $20.1k | $14.37 |
1,400 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$634.6K
$555.3K – $740.4K
NOI $44,423 @ 7.0% cap · market cap 12.73%
Second Best
Retail
$287.5K
$251.5K – $335.4K
NOI $20,122 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$828.8K
$725.2K – $966.9K
NOI $58,016 @ 7.0% cap · market cap 16.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Updated open-plan space with natural light and a half bathroom, plus street-level frontage for visibility.
Where is this office units located?
The property is located at 2a Hale Street Newton, MA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Updated open‑plan space with natural light and exposed beams and antique frame joists; Over 1,400 sq ft with a street‑level entrance and layout currently configured as open space; Includes a half bathroom with new fixtures
