655 Saw Mill Brook Pkwy Newton, MA 02459

Property Details for 655 Saw Mill Brook Pkwy

Year built

1953

Lot size

1.97 lot acres

Property size

1,316 SF

Zone code

BU1

Property type

Commercial real estate

APN

NEWT S:84 B:015 L:0006U

APU

NEWTS84B015L0006U

Description

This exceptional investment opportunity presents a 1,962 square foot office/retail condo in Newton, Massachusetts, located at 655 Saw Mill Brook Pkwy, 02459. The property boasts a 5.41% capitalization rate and a strong net operating income (NOI) of $40,000, with 100% occupancy across its two tenants. Priced at $739,000 ($376.66 per square foot), this single-story, single-unit building offers a rare combination of features. The fully renovated interior features a flexible floor plan, multiple spacious corner offices, updated bathrooms, and a kitchen. A significant advantage is the ample on-site parking, with 13 off-street spaces, a rare find in this desirable location. The bright, first-floor end unit benefits from excellent natural light through numerous windows, providing high visibility and ideal signage opportunities. Its location adjacent to similar commercial condos further enhances its appeal. This property is suitable for a long-term investment or owner-occupancy for retail or office use. Potential buyers are advised to conduct their own due diligence regarding permitted uses and environmental factors. Further inquiries regarding environmental aspects are welcome.

Location Insight

City

Newton

County

Middlesex

State

Massachusetts

Longitude

-71.1854

Latitude

42.2915

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments