Building Details

Year Built 1980

Year Renovated 2024

Listing Agency: l***@calare.com Show Phone

Listed By: Lauran Show Phone

Added: Dec 27, 2024 Changed: Mar 16

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Investment Insights

Based on property information with market context.

Located in Newton, MA, this commercial property at 77 Rowe St offers 11 available spaces, totaling 45,497 square feet of flexible commercial space. Constructed in 1980 and extensively renovated in 2024, the masonry building is suitable for flex space, live-work space, office space, and industrial applications. The property is situated on a 3.17-acre lot and includes a wet sprinkler system. City water and sewer utilities are available. The electrical system provides 1,200 amps at 480 volts, three-phase power. Zoned BU2, Newton - Commercial, the property accommodates a range of business ventures. Space sizes vary from 100 to 27,500 square feet. This location provides access to transportation and a business community.

Property Analytics

Current Use

Norris Karen Insurance Agency Kismet Commerce Warehouse & Storage

Suggested Use

Top Pick Hair Salon Nail Salon (Bike/Boat/Book/etc) Store Furniture & Home Goods Bakery Food Market

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

Location Intelligence

Trade Area within ½ mile

719

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 02466, MA

8,434

Population

3,284

Households

2.6

Avg Household Size

37

Median Age

78%

College-Educated

95%

High-School Grad

1.6 sq mi

ZIP Area

5,271

Density / Sq Mi

$170,852

Median Household Income

$82,244

Median Earnings

$2,082

Median Rent

$1,164,900

Median Home Value

Market

Lease Benchmarks for Newton, MA

$31.63 /SF/Yr

Avg Asking Price

$31–$32 /SF/Yr

Price Range

19,303 SF

Avg Space Size

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

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Frequently Asked Questions

What type of property is this?

Flex space - 00 - 27,500 SF of 4-Star Space Available in Newton, MA 02466

Where is this flex space located?

The property is located at 77 Rowe St Newton MA 02466 Newton, MA.