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    1156 Walnut St Newton, MA 02461

    Sponsored
    For Lease
    Contact for pricing

    Prime Newton retail space, 2,447 sq ft.

    Lot size:
    2,447 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,447-square-foot retail space is available for lease at 1156 Walnut Street in Newton, Massachusetts. Located in Middlesex County, this single-tenant property offers a significant opportunity for a business seeking a prominent location. The entire building is currently vacant, presenting a blank canvas for a new tenant to customize the space to their exact specifications. The property's classification as a former bank suggests a robust structure and potentially desirable features such as high ceilings, secure vault areas, and ample parking (though parking details are not specified in the provided information). The address is 1156 Walnut Street, Newton, MA 02461. The property type is retail, specifically a former bank, and the total square footage is 2,447 square feet. This presents a rare opportunity to establish a business in a desirable Newton location with a substantial and adaptable space. Given its size and location, this property is well-suited for a variety of retail uses. Interested parties are encouraged to inquire for further details and leasing information. The property is ready for immediate occupancy.

    Property Features for 1156 Walnut St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,447 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,447 SF

    HighLights

    • Freestanding former bank building with drive‑thru.
    • High‑visibility location in Newton Highlands.
    • Excellent access to Route 9 (56,450 AADT), providing easy access to Boston.
    • Adjacent to Newton Highlands MBTA Green Line station.
    • Strong demographics: $272,952 average household income and over 63,000 daytime population within a two‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    -71.2062248
    Latitude
    42.3222909

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    FAQs

    What type of property is this?
    Individual retail property - Prime Newton retail space, 2,447 sq ft.
    Where is this individual retail property located?
    The property is located at 1156 Walnut St Newton, MA.
    What are key features of this property?
    This property features: Freestanding former bank building with drive-thru.; High-visibility location in Newton Highlands.; Excellent access to Route 9 (56,450 AADT), providing easy access to Boston.
    Request Owner's contact information
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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
    1156 Walnut St Newton, MA 02461
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