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    Property profile & analytics

    74-102 Central St Wellesley, MA 02482

    • Retail properties
    • 50,339 SF
    For Lease
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 74-102 Central St

    Property size
    50,339 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    Central Plaza, located at 74-102 Central Street in Wellesley, Massachusetts (zip code 02482), offers a unique retail opportunity in Norfolk County. This multi-tenant property boasts a total of 50,339 square feet of street-front retail space. Seven suites are currently available, ranging in size from a minimum of 1,130 square feet to a maximum contiguous space of 8,061 square feet. A total of 24,288 square feet is currently vacant. The property features a convenient 115-car parking lot, a significant advantage in this high-demand area. Central Plaza enjoys a prime location in Wellesley's upscale Central Street shopping district, just one block from Wellesley College and a short distance from major roadways including Route 16, Route 128, and Route 9. This established center is anchored by strong, well-known tenants such as Shake Shack, Alta Strada, Wellesley Books, MiniLuxe, and Lockheart Restaurant, creating a vibrant and desirable retail environment. The property's strategic location and ample parking make it an exceptional opportunity for businesses seeking high visibility and convenient access for customers.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wellesley
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.298
    Latitude
    42.2957

    Comparable in this City

    • Value Estimation by Request
      17,900 SF

      61-71 Central St

      Lifestyle centers • 17,900 SF
      61-71 Central St, Wellesley, MA 02482
      View Details
    • Value Estimation by Request
      0.71 Acres

      11 Central St, Unit 23

      RETAIL STORES (PERSONAL SERVICES) • 0.71 Acres
      11 Central St, Wellesley, MA 02482-5801
      View Details
    • Value Estimation by Request
      0.52 Acres

      279 Linden St, Unit 285

      RETAIL STORES (PERSONAL SERVICES) • 0.52 Acres
      279 Linden St, Wellesley, MA 02482-5910
      View Details
    • Value Estimation by Request
      2.07 Acres

      984 Worcester St

      RETAIL STORES (PERSONAL SERVICES) • 2.07 Acres
      984 Worcester St, Wellesley, MA 02482-3709
      View Details
    • Value Estimation
      $12,585,000
      0.51 Acres

      50 Central St

      RETAIL STORES (PERSONAL SERVICES) • 0.51 Acres
      50 Central St, Wellesley, MA 02482
      View Details
    • Value Estimation
      $390,000
      0.24 Acres

      2 Edgemoor Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.24 Acres
      2 Edgemoor Ave, Wellesley, MA 02482-2237
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      50,339 SF

      Wellesley Retail Space Available

      Prime Wellesley location, multiple suites, ample parking.
      74-102 Central St, Wellesley, MA 02482
      View Details
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      Retail Space in Wellesley, MA

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      Wellesley Square Retail Opportunity

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    74-102 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
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