950 Boylston St Newton, MA 02461
- Office buildings
- 3,168 SF
- 0.12 lot acres
Current Use by Public Records
- Capstone Communities LLC / Property Management Company / Real Estate Developer
- Muscle Inc With Sue Lane / Sports Massage Therapist / Massage Therapist
- New England Insurance Group LLC / Insurance Agency
- Bayassociates / Civil Engineering Company
- Adamation Inc / Wholesaler
Property Details for 950 Boylston St
- Year built
- 1950
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.12 lot acres
- Property size
- 3,168 SF
- Zone code
- BU2
- Property type
- Office buildings
- APN
- NEWT S:51 B:026 L:0002
- APU
- NEWTS51B026L0002
Description
This exceptional three-story office building, located at 950 Boylston Street in Newton, Massachusetts, offers a unique opportunity for businesses seeking a prestigious address in a thriving market. The property, built in 1950 and extensively renovated in 2024, boasts a total of 4,752 square feet situated on a 5,175 square foot lot. The building is zoned BU2/VC3 and is ideally suited for a variety of office uses, including traditional, executive, and creative office spaces. Multiple tenancy options are available, with a minimum divisible space of 1,500 square feet, allowing for flexibility to accommodate businesses of various sizes. The building features a classic brick exterior and offers a blend of modern amenities and timeless charm. While there are no elevators, the three-story structure provides ample natural light and a comfortable working environment. This prime location along the Route 128 corridor provides excellent accessibility and visibility, making it an attractive option for businesses seeking a strategic location in Newton, MA. The property presents a compelling opportunity for both leasing and ownership, offering a chance to establish a strong presence in a highly desirable area. The 02461 zip code ensures easy access to major transportation routes and a wealth of local amenities. This is a rare opportunity to secure a well-maintained, renovated office building in a sought-after location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,380,000
- 6.5%
- $1,375,000
- 7%
- $1,245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,145,000
- Geo Method
- $1,150,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,110,000
- Retail
- $1,025,000
- Mixed-Use
- $1,010,000
- Hospitality
- $1,130,000
- Educational
- $1,005,000
- Residential Income
- $1,030,000
- Energy
- $990,000
- Income-Based Land
- $1,010,000
- Food Service
- $1,365,000
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.2104
- Latitude
- 42.3189
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA