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    2034-2060 Commonwealth Ave Newton, MA 02466

    • Lifestyle centers
    • 42,394 SF
    For Lease
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 2034-2060 Commonwealth Ave

    Property size
    42,394 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2454
    Latitude
    42.3471

    Comparable in this City

    • Value Estimation by Request
      1,260 SF

      1958 Washington St

      AUTO REPAIR, GARAGE • 1,260 SF
      1958 Washington St, Auburndale, MA 02466
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    • Value Estimation by Request
      10,122 SF

      271 Auburn St, Unit 283

      RETAIL STORES (PERSONAL SERVICES) • 10,122 SF
      271 Auburn St, Auburndale, MA 02466-1915
      View Details
    • Value Estimation by Request
      5,798 SF

      2086 Commonwealth Ave, Unit 2098

      RETAIL STORES (PERSONAL SERVICES) • 5,798 SF
      2086 Commonwealth Ave, Auburndale, MA 02466-1911
      View Details
    • Value Estimation
      $1,720,000
      4,368 SF

      438-442 Lexington St

      RETAIL STORES (PERSONAL SERVICES) • 4,368 SF
      438-442 Lexington St, Auburndale, MA 02466
      View Details
    • Value Estimation by Request
      5,800 SF

      143 Rumford Ave, Unit 153

      SHOW ROOM, WAREHOUSE • 5,800 SF
      143 Rumford Ave, Auburndale, MA 02466-1311
      View Details
    • Value Estimation by Request
      104,655 SF

      137 Rumford Ave

      SHOW ROOM, WAREHOUSE • 104,655 SF
      137 Rumford Ave, Auburndale, MA 02466-1311
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      42,394 SF

      Auburndale Plaza Retail Space

      Newton, MA Shopping Center: 244 SF Available
      2034-2060 Commonwealth Ave, Newton, MA 02466
      View Details
    • Contact for pricing
      244 SF

      Retail Space in Auburndale Plaza

      Grocery-anchored shopping center in Newton, MA with strong demographics.
      2050-2058 Commonwealth Ave, Newton, MA 02466
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      1,400 SF

      Retail/Medical Space in Chestnut Hill

      Versatile 1,400 SF space suitable for retail or medical use.
      183 Grove St, Chestnut Hill, MA 02466
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    • $28 SF/Yr
      1,100 SF

      Newton Office/Retail Space Available

      1100 SF office/retail space available on the first floor.
      438-442 Lexington St, Newton, MA 02466
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    • Contact for pricing
      3,000 SF

      Baystone

      front building
      20 chestnut street, Newton, MA 02466
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    • Contact for pricing
      2,320 SF

      Auburndale Flex Space with Warehouse

      Flex space with warehouse, mezzanine storage, and easy highway access.
      97 Rumford Ave, Auburndale, MA 02466
      View Details
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    2034-2060 Commonwealth Ave
    Newton, MA 02466
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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
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