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Property profile & analytics
OFF-MARKET
Warehouses

1241 Centre St Newton, MA 02459

6,867 SF
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity is located at 1241 Centre Street in the vibrant Newton Centre, Massachusetts. The single-story building offers a total of 6,867 square feet, with 3,000 square feet currently available for lease. The property boasts a highly desirable location directly in the town square, providing excellent visibility and accessibility. The building features convenient front and back entrances, along with a rear loading dock for efficient operations. Ample parking is available with 8 dedicated off-street spaces, supplemented by nearby municipal lots offering over 315 additional spaces. Public transportation is readily accessible via the MBTA Green Line's Newton Centre stop, ensuring convenient commutes for employees and customers. Currently, the building houses Tatte Bakery & Café and Sherwin-Williams, demonstrating the strong tenant base in this thriving location. This property presents a unique chance to establish a presence in a bustling commercial center within Middlesex County, offering a blend of convenience, visibility, and parking. The property is classified as retail with a commercial storage subtype. The building is a single-tenant occupancy. The zip code is 02459.

Property profile
Verified
Property type Warehouses
Total area 6,867 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
Current use
Occupant on record · Public records
  • Tatte Bakery & Cafe | Newton Centre Restaurant
  • PerfectTemp HVAC Service HVAC Service General Contractor
  • Panera Bread Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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