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Route 128 Corridor Office Building

950 Boylston St, Newton, MA 02461

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For Sale

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Three-story office building in Newton with income potential.

Type:Office

Property size:

4,752 SF

Lot size:

0.12 Acres

Price / SF:

$441/SF

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Contact for Pricing

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and status of this listing

Jeremy Freid

Real Estate License ID: MA 9089542-RE-B

HighLights

Prime commercial property in the heart of the thriving Newton market.
Three‑story brick building totaling 4,752 sq. ft. on a 5,175 sq. ft. lot.
Ideal for office tenants looking to transition from renting to owning.
Additional income from an existing AT&T cellular lease.
Strategically located on Route 9 with easy access to restaurants, amenities, and public transportation.
Conveniently positioned near Eliot and Newton Highlands Green Line stations and only 2 miles from I‑95.

For Sale

Contact for pricing

Three-story office building in Newton with income potential.

Type:Office

Property size:

4,752 SF

Lot size:

0.12 Acres

Price / SF:

$441/SF

Added:: Oct 4, 2024
Days on Market:: 642
Last Refresh:: Jul 5 at 5:26 am

Property Features for 950 Boylston St

General Information

Standard status: Active
Size: 4,752 SF
Lot size: 0.12 Acres
Property subtype: Office

Building Details

Year Built: 1950

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Contact an agent

Jeremy Freid

Listing office 128 CRE Commercial Real Estate Agency

Listing date Oct 4, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of 128 CRE Commercial Real Estate Agency

HighLights

Prime commercial property in the heart of the thriving Newton market.
Three‑story brick building totaling 4,752 sq. ft. on a 5,175 sq. ft. lot.
Ideal for office tenants looking to transition from renting to owning.
Additional income from an existing AT&T cellular lease.
Strategically located on Route 9 with easy access to restaurants, amenities, and public transportation.
Conveniently positioned near Eliot and Newton Highlands Green Line stations and only 2 miles from I‑95.

Overview

Located at 950 Boylston Street in Newton, this three-story brick building offers a commercial property opportunity in the Route 128 corridor. The building totals 4,752 square feet on a 5,175 square foot lot. The property is positioned on Route 9, providing access to restaurants, amenities, and public transportation. It is located between the Eliot Green Line station (0.3 miles) and the Newton Highlands Green Line station (0.5 miles). The site also benefits from highway access, located 2 miles off I-95. Amenities and lunch options are available along Needham Street and in the Newton Highlands Village. The property includes an AT&T cellular lease, with further details available upon request.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$257.7k	$54.24
− Vacancy	−$56.7k	−$11.93
EGI	$201.0k	$42.31
− OpEx	−$50.3k	−$10.58
NOI	$150.8k	$31.73

4,752 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.15M

$1.88M – $2.51M (±1% cap)

NOI $150,783 @ 7.0% cap · market cap 7.18%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.81M

$2.46M – $3.28M (±1% cap)

NOI $196,922 @ 7.0% cap · market cap 9.38%

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

Property Profile Location Intelligence

Current Use by Public Records

Capstone Communities LLC Property Management Company Muscle Inc With ... Alternative Medicine Practice New England Insurance ... Insurance Agency Bayassociates General Contractor Adamation Inc Big Box & Wholesale Store

Suggested Use

Location Insight

Map
Local Demand

City: Newton
County: Middlesex
State: Massachusetts
Longitude: -71.2103896
Latitude: 42.3189867

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For sale
Office buildings
MA
Newton
02461
950 Boylston St

What type of property is this?

Office building - Three-story office building in Newton with income potential.

Where is this office building located?

The property is located at 950 Boylston St Newton, MA.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: Prime commercial property in the heart of the thriving Newton market.; Three‑story brick building totaling 4,752 sq. ft. on a 5,175 sq. ft. lot.; Ideal for office tenants looking to transition from renting to owning.