Property summary
This exceptional 24,000 square foot mixed-use property at 210 Moody Street in Waltham, Massachusetts presents a unique redevelopment opportunity. Located on a 0.28-acre lot, this site boasts Commercial Retail zoning with a Hotel by Right designation, allowing for diverse development options. The property currently features 42 units and ample parking with 400 spaces. Permits are anticipated in the third quarter of 2023 for a 42-unit hotel development, incorporating 24,000 square feet of retail space. This prime location offers unparalleled convenience, situated a quarter-mile from Route 20 and less than two miles from I-95, ensuring excellent accessibility. The property's strategic positioning benefits from its proximity to significant new residential developments, totaling 785 units across three complexes within walking distance, creating a robust potential customer base for retail and hospitality ventures. This presents a compelling investment opportunity for developers seeking to capitalize on the thriving Waltham market, catering to the needs of both residents and commuters. The building's far is 0.63. This versatile property is ideal for restaurant, retail, and hotel uses, offering significant potential for substantial returns.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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