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    2034-2060 Commonwealth Ave Newton, MA 02466

    Sponsored
    For Lease
    Contact for pricing

    Newton, MA Shopping Center: 244 SF Available

    Lot size:
    42,394 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Auburndale Plaza, a thriving grocery-anchored shopping center in Newton, Massachusetts, presents a unique retail opportunity. Located at 2034-2060 Commonwealth Ave, this Middlesex County property boasts a total of 42,394 square feet, with only 244 square feet currently vacant. The center enjoys a prime location within the affluent Auburndale neighborhood, a Boston suburb easily accessible by both road and commuter rail. This translates to exceptional foot traffic and strong demographics, contributing to the center's impressive 704,000 visits in 2023, with an average visit duration of approximately one hour. The center offers a diverse tenant mix, including a Star Market anchor, Bank of America, Bruegger's Bagels, Utopia Cleaners, Supercuts, and Eastern Bank, providing a comprehensive range of services and retail options to the surrounding community. This well-established shopping center provides a stable and attractive investment opportunity for businesses seeking a high-traffic location in a prosperous area. The available space is ideal for a small retail business or service provider looking to establish a presence in this vibrant community. The property is classified as a multi-tenant shopping center.

    Property Features for 2034-2060 Commonwealth Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,394 SF

    Unit(s) available at that property

    Space
    Available space
    Size
    244 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.245376
    Latitude
    42.3470545

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    FAQs

    What type of property is this?
    Lifestyle center - Newton, MA Shopping Center: 244 SF Available
    Where is this lifestyle center located?
    The property is located at 2034-2060 Commonwealth Ave Newton, MA.
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    2034-2060 Commonwealth Ave Newton, MA 02466
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    Newton, MA 02466
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2034-2060 Commonwealth Ave Newton, MA 02466
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