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    53-61 Central St Wellesley, MA 02482

    For Lease
    Contact for pricing

    High-end Wellesley retail space available.

    Lot size:
    6,047 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    Central Block, located at 53-61 Central Street in Wellesley, Massachusetts, presents a unique retail investment opportunity. This single-story, 6,047 square foot shopping center is situated in the heart of Wellesley Square's upscale shopping district, offering excellent visibility and foot traffic. Currently, 1,700 square feet of retail space is available for lease, providing a chance to establish a presence amongst established, high-quality tenants such as Wellesley Toy Shop, O'Neil Jewelers, Eileen Fisher, and Cocobeet. The property boasts a prime location, just a quarter-mile from Route 16 and within three miles of both Route 128 and Route 9, ensuring convenient access for customers and employees. The building is located in Norfolk County and has a zip code of 02482. This is an exceptional opportunity to secure a retail space in a thriving, affluent community with strong demographics and high consumer spending. The available space offers significant potential for a variety of retail uses, capitalizing on the established success of the existing tenants and the high-traffic location. The property's single-story design provides easy accessibility and efficient use of space. Contact us today to learn more about this exceptional retail opportunity in Wellesley Square.

    Property Features for 53-61 Central St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,047 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,700 SF

    HighLights

    • 1,700 SF of retail space available for lease.
    • 6,047 SF shopping center with high visibility.
    • Dominant location in Wellesley's premier Central Street shopping district.
    • Strong tenant mix including Lululemon, Orange Theory, Faherty, Starbucks, Ardan Medspa + Salon, and Chase Bank.
    • High‑traffic location within a shopping district attracting over 186,000 annual visitors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency 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
    Wellesley
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.295997
    Latitude
    42.296342

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    FAQs

    What type of property is this?
    Retail property - High-end Wellesley retail space available.
    Where is this retail property located?
    The property is located at 53-61 Central St Wellesley, MA.
    What are key features of this property?
    This property features: 1,700 SF of retail space available for lease.; 6,047 SF shopping center with high visibility.; Dominant location in Wellesley's premier Central Street shopping district.
    Request Owner's contact information
    53-61 Central St Wellesley, MA 02482
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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
    53-61 Central St Wellesley, MA 02482
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