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Property profile & analytics
OFF-MARKET
Lifestyle centers

2034-2060 Commonwealth Ave Newton, MA 02466

42,394 SF
Property ID
Property summary
AI-generated overview

Auburndale Plaza, a thriving grocery-anchored shopping center in Newton, Massachusetts, presents a unique retail opportunity. Located at 2034-2060 Commonwealth Ave, this Middlesex County property boasts a total of 42,394 square feet, with only 244 square feet currently vacant. The center enjoys a prime location within the affluent Auburndale neighborhood, a Boston suburb easily accessible by both road and commuter rail. This translates to exceptional foot traffic and strong demographics, contributing to the center's impressive 704,000 visits in 2023, with an average visit duration of approximately one hour. The center offers a diverse tenant mix, including a Star Market anchor, Bank of America, Bruegger's Bagels, Utopia Cleaners, Supercuts, and Eastern Bank, providing a comprehensive range of services and retail options to the surrounding community. This well-established shopping center provides a stable and attractive investment opportunity for businesses seeking a high-traffic location in a prosperous area. The available space is ideal for a small retail business or service provider looking to establish a presence in this vibrant community. The property is classified as a multi-tenant shopping center.

Property profile
Verified
Property type Lifestyle centers
Total area 42,394 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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