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    1241 Centre St Newton, MA 02459

    For Lease
    Contact for pricing

    Prime Retail Space, 3,000 SF Available

    Lot size:
    6,867 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail opportunity is located at 1241 Centre Street in the vibrant Newton Centre, Massachusetts. The single-story building offers a total of 6,867 square feet, with 3,000 square feet currently available for lease. The property boasts a highly desirable location directly in the town square, providing excellent visibility and accessibility. The building features convenient front and back entrances, along with a rear loading dock for efficient operations. Ample parking is available with 8 dedicated off-street spaces, supplemented by nearby municipal lots offering over 315 additional spaces. Public transportation is readily accessible via the MBTA Green Line's Newton Centre stop, ensuring convenient commutes for employees and customers. Currently, the building houses Tatte Bakery & Café and Sherwin-Williams, demonstrating the strong tenant base in this thriving location. This property presents a unique chance to establish a presence in a bustling commercial center within Middlesex County, offering a blend of convenience, visibility, and parking. The property is classified as retail with a commercial storage subtype. The building is a single-tenant occupancy. The zip code is 02459.

    Property Features for 1241 Centre St

    General Information

    Property type
    Warehouses
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,867 SF

    Unit(s) available at that property

    Space
    Storage Space Available
    Size
    3,000 SF

    HighLights

    • 3,000 SF of retail space available for lease.
    • High‑traffic location with over 332,000 annual visitors.
    • Prime corner location at the signalized intersection of Centre and Beacon Streets in Newton Centre, MA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tatte Bakery & Cafe ... Restaurant PerfectTemp HVAC Service Hvac Contractor Panera Bread Cafe

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1948758
    Latitude
    42.3307248

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    FAQs

    What type of property is this?
    Warehouse - Prime Retail Space, 3,000 SF Available
    Where is this warehouse located?
    The property is located at 1241 Centre St Newton, MA.
    What are key features of this property?
    This property features: 3,000 SF of retail space available for lease.; High-traffic location with over 332,000 annual visitors.; Prime corner location at the signalized intersection of Centre and Beacon Streets in Newton Centre, MA.
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    Newton, MA 02459
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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
    1241 Centre St Newton, MA 02459
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