Building Details

Year Built 1983

Listing Agency: CRG Commercial Show Phone

Listed By: John Nachtwey

Source: Corcoran

Added: Feb 9 Changed: Aug 10 Last Checked: Apr 5 at 11:35PM

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Investment Insights

Based on property information with market context.

This commercial real estate offers a seven-room office space that is currently vacant and available for rent. The property is located at 400 Hillside Av #15, Needham, MA 02494.

Key Highlights

• Ready‑to‑go office space is available.
• Vacant and easy to show.
• Features 7 rooms.

Property Analytics

Property Profile

Current Use

School Search High School Tanya Gurevich Foster Care Service Evan Bruce Gold Ophthalmologist Heather Larkin, LMHC Counselor Counseling | Coaching Counselor

Suggested Use

Top Pick Parking Lot & Garage Barber Shop Carpet & Flooring Store Grocery & Convenience Store Home Appliance Store Tech Support Center

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

801

Businesses Nearby

Explore this area Business Placement

Demographics for 02494, MA

10,732

Population

4,254

Households

2.5

Avg Household Size

43

Median Age

75%

College-Educated

95%

High-School Grad

2.8 sq mi

ZIP Area

3,833

Density / Sq Mi

$173,750

Median Household Income

$92,148

Median Earnings

$2,452

Median Rent

$1,052,400

Median Home Value

Market

Lease Benchmarks for Needham, MA

$30.65 /SF/Yr

Avg Asking Price

$22.8–$72 /SF/Yr

Price Range

3,942 SF

Avg Space Size

This space is priced 18% below the average of $30.65 /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

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Ready-to-go office space available for rent.

Where is this office units located?

The property is located at 400 Hillside Av #15 Needham, MA.

What is the lease rate?

The lease rate is $25 SF/Yr.

What are key features of this property?

This property features: Ready‑to‑go office space is available.; Vacant and easy to show.; Features 7 rooms.