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Property profile

Chestnut St Needham, MA 02492

OFF-MARKET
Commercial real estate
Built 1899
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Property summary

AI-generated overview

This exceptional 1,500 square foot commercial condominium presents a unique opportunity for businesses seeking a vibrant and convenient location in the heart of Needham, Massachusetts. Situated on Chestnut Street, this second-level space boasts a street-level entrance for easy accessibility. The unit has undergone recent renovations, resulting in a bright and modern open office layout, perfect for a variety of professional uses. Natural light floods the space, creating a welcoming and productive work environment. Two well-appointed bathrooms cater to the needs of employees and clients, while a dedicated conference room provides a professional setting for meetings and presentations. The building offers the significant advantage of ten or more on-site parking spaces, eliminating the common challenges associated with parking in busy commercial areas. This property is ideally located in a highly desirable section of Needham, providing easy access to major roadways, public transportation, and a wealth of local amenities. The asking price of $700,000 reflects the exceptional value and prime location of this commercial condo. This is an unparalleled opportunity to acquire a move-in ready commercial space in a thriving Massachusetts community. Don't miss out on this chance to establish your business in a highly sought-after location.

Property profile

Verified
Property type Commercial real estate
Year built 1899

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Chestnut St Needham, MA 02492
Needham metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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