105 Chestnut St Ste 37a Needham, MA 02492-2520
- Office Properties & Spaces
- 695 SF
Current Use by Public Records
- Carter, Bowers & Associates - Ameriprise Financial Services, LLC / Investment Service / Financial Planner
- Dr. Jacqueline Feuer, MD / Internist / Medical Office
- Boston Chinese Acupuncture / Acupuncture Clinic / Acupuncturist
- Cohen-Miles Insurance Inc / Insurance Agency / Auto Insurance Agency
- Chestnut Green / Business Center
Property Details for 105 Chestnut St Ste 37a
- Year built
- 1984
- Property size
- 695 SF
- Zone code
- CSB
- Property type
- Office Properties & Spaces
- APN
- NEED M:047.0 B:0076 L:0037.0
- APU
- NEEDM0470B0076L00370
Description
This 1,171-square-foot medical office condominium is located at 105 Chestnut Street #10, Needham, MA 02492, in Norfolk County. Built in 1984 and renovated in 2008, this Class B property sits on a 0.76-acre lot and is situated on the first floor of a three-story building, offering easy accessibility. The vacant unit boasts a practical layout with seven rooms, including a kitchenette, and benefits from abundant natural light. A significant advantage is the large on-site parking lot, providing ample space for staff and visitors. The property is ideally suited for medical or professional use and is conveniently located minutes from Needham Town Center, the Needham Commuter Rail Station, and numerous amenities. Its prime location directly across the street from Beth Israel Deaconess Hospital – Needham, within a dense and affluent demographic area, further enhances its appeal. Previous ownership invested $100,000 in upgrades to the space. The asking price is $640,000. Broker co-op is available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $260,000
- 6.5%
- $260,000
- 7%
- $270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $275,000
- Geo Method
- $295,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $235,000
- Retail
- $260,000
- Mixed-Use
- $240,000
- Hospitality
- $225,000
- Educational
- $240,000
- Residential Income
- $285,000
- Energy
- $260,000
- Income-Based Land
- $265,000
- Food Service
- $250,000
Location Insight
- Map
- Local Demand
- City
- Needham
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -71.2378
- Latitude
- 42.2784
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA