49 Floral St, Newton Highlands, MA 02461

Listing Agency: Gibson Commercial

Listed By: Albert Bouchie · License MA #9522540 Show Phone

Source: Crexi

Added: Oct 19 Changed: Nov 8 Last Checked: Nov 8 at 5:41PM

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Investment Insights

Based on property information with market context.

Two adjoining parcels totaling 14,376 sq ft occupy a corner in Newton Highlands Village. The VC3 Village Center Overlay allows mixed-use multifamily development by right, with building heights up to 4.5 stories. The zoning framework also provides for higher-intensity village housing, ample footprint coverage, and minimal front and side setbacks. Buyers should verify zoning, permitted uses, parking, and other compliance requirements.

Floral and Walnut Streets meet at the site. Shops, restaurants, and the MBTA Green Line are within walking distance.

Key Highlights

• Two adjoining parcels comprise 14,376 sq ft
• VC3 Village Center Overlay allows by‑right mixed‑use multifamily development
• Building heights of up to 4.5 stories

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Kimat Corporate Office

Suggested Use

Top Pick Food Market Grocery & Convenience Store Carpet & Flooring Store Auto Parts Store Locksmith Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,562

Businesses Nearby

39k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 74% Dining 26%

Sunoco Shops & Services

10,951 visits/mo 0.5 miles

Dunkin' Donuts Dining

10,225 visits/mo 0.4 miles

BP Shops & Services

6,665 visits/mo 0.4 miles

Sunoco Shops & Services

4,918 visits/mo 0.3 miles

7-Eleven Shops & Services

4,592 visits/mo 0.4 miles

Demographics for 02461, MA

7,430

Population

2,785

Households

2.7

Avg Household Size

44

Median Age

88%

College-Educated

97%

High-School Grad

1.5 sq mi

ZIP Area

4,953

Density / Sq Mi

$207,292

Median Household Income

$101,850

Median Earnings

$3,026

Median Rent

$1,154,500

Median Home Value

Market

Properties on Market for Commercial land in Middlesex County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Commercial land - The village-center overlay allows by-right mixed-use multifamily development, subject to verification of zoning and compliance requirements.

Where is this commercial land located?

The property is located at 49 Floral St Newton Highlands, MA.

What are key features of this property?

This property features: Two adjoining parcels comprise 14,376 sq ft; VC3 Village Center Overlay allows by‑right mixed‑use multifamily development; Building heights of up to 4.5 stories