Property profile

1 Chestnut St Newton, MA 02465

FOR SALE
Banks
Property ID
US38-0884674
4,732 SF 0.16 ac lot Built 1930
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,500 square foot retail space is available for lease at 1 Chestnut Street in Newton, Massachusetts. Located in Middlesex County, this single-tenant property offers a fantastic opportunity for a business seeking a prominent location. The building's total square footage is 2,500 square feet, all of which is currently vacant and ready for immediate occupancy. The property boasts ample parking with eight spaces available for customers and employees. The property type is classified as retail, specifically a bank, suggesting a layout potentially suitable for financial institutions or similar businesses requiring a secure and professional environment. The address is 1 Chestnut Street, Newton, MA 02465. Its convenient location within Middlesex County offers excellent accessibility and visibility, making it an ideal space for a business looking to establish or expand its presence in the thriving Newton market. The property is ready for immediate lease and presents a unique opportunity for a discerning tenant. Interested parties are encouraged to inquire further to explore the possibilities this prime retail space offers. The property is situated at latitude 42.3491659 and longitude -71.2256486.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,732 SF
Lot 0.16 ac (6,793 SF)
Zoning code BU1
APN NEWT S:33 B:010 L:0005
UPID US38-0884674

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Loan Service Bank

Location

1 Chestnut St Newton, MA 02465
Newton metro Census 374500 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$975k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$975k

Owner & transaction history

since 2025
Last sale
$975,000
2 recorded transactions
2025
$1.5M
2024
$975,000

Zoning & alternative use

BU1 · Newton, MA
Zoning description

The intent of the zone to promote business uses

General category COMMERCIAL

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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