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Property profile

Chestnut St Needham, MA 02492

OFF-MARKET
Commercial real estate
Built 1899
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Property summary

AI-generated overview

This exceptional commercial property presents a rare opportunity to acquire a +/- 1,200 square foot street-level commercial condominium in the heart of Needham, MA. The unit boasts a highly desirable location within a freestanding commercial building, ensuring excellent visibility and accessibility for your business. Adding significant value is the inclusion of a +/- 1,200 square foot full basement, accessible via its own exclusive entrance. This expands the total usable commercial space to approximately 2,400 square feet, providing ample room for a variety of business operations. The property also offers the convenience of ten or more on-site parking spaces, a significant advantage in a high-demand area like Needham. The ground floor space is adaptable and suitable for numerous commercial uses, making it an ideal investment for entrepreneurs and established businesses alike. Its prime location in Needham ensures high foot traffic and easy access to a thriving community. This is a unique opportunity to secure a well-situated, versatile commercial space with substantial square footage and ample parking. The property is priced at $950,000.

Property profile

Verified
Property type Commercial real estate
Year built 1899

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Chestnut St Needham, MA 02492
Needham metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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