Chestnut St Needham, MA 02492
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.