1158 Beacon St, Newton, MA 02461
- Retail space
- 5,299 SF
- 0.46 lot acres
Current Use by Public Records
- Retail space
Property Details for 1158 Beacon St
- Year built
- 1964
- Construction
- FRAME
- Lot size
- 0.46 lot acres
- Zone code
- BU2
- Property type
- Retail space
- APN
- NEWT S:54 B:022 L:0049A
- APU
- NEWTS54B022L0049A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 22, 2023 | — | Gerald A Baratz | Newton City Of | Redemption Deed · related | — |
| Jun 6, 2023 | $1,750,000 | 1158 Beacon Street LLC | Gerald A Baratz Ret | Quit Claim Arm's Length For Ne States | $1.1M · Barbara H Baratz |
| Apr 9, 2020 | — | Gerald A Baratz | Barbara Baratz | Quit Claim Deed · related | — |
| Apr 2, 2020 | — | Gerald A Baratz | Barbara Baratz | Quit Claim Deed · related | — |
| Feb 4, 2013 | — | Gerald A Baratz | — | Deed Of Trust · related | $670k · Cambridge Savings Bank |
| Sep 11, 2003 | — | Gerald A Baratz | — | Deed Of Trust · related | $1M · Brookline Savings Bank |
| Jan 16, 2002 | — | Gerald A Baratz | — | Deed Of Trust · related | $500k · Brookline Savings Bank |
| Mar 17, 1994 | — | Gerald A Baratz | — | Deed Of Trust · related | $400k · Brookline Savings Bank |
Description
This exceptional retail and restaurant opportunity is located at 1158 Beacon Street in Newton, Massachusetts, within Middlesex County. The property boasts a total of 5,410 square feet of commercial space, currently entirely vacant and available for lease. Multiple tenancy options exist, with spaces ranging from a minimum of 1,644 square feet to a maximum contiguous space of 2,122 square feet. This presents a unique chance for businesses seeking flexible space to suit their individual needs. The building offers ample parking with 18 spaces available for tenants and their customers. The property's prime location on Beacon Street in Newton provides excellent visibility and accessibility, making it an ideal spot for a variety of retail or restaurant concepts. The address is 1158 Beacon Street, Newton, MA 02461. This is a rare opportunity to secure a significant presence in a thriving Newton commercial district. The entire 5,410 square feet is currently vacant, allowing for a single tenant to occupy the entire space or multiple tenants to occupy smaller units. The property is classified as both retail and restaurant use, offering versatility for potential tenants. Don't miss this chance to establish your business in this highly desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,830,000
- ML approach
- $1,800,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,270,000
- 6.5%
- $1,170,000
- 7%
- $1,090,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,811,000
Market price range: $742k - $2.21M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,430,000 Current use
- COMMERCIAL (GENERAL)
- $2,230,000 Change: +56% Conversion: Easy
- OFFICE BUILDING
- $1,615,000 Change: +13% Conversion: Easy
- RESTAURANT
- $1,540,000 Change: +8% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,490,000 Change: +4% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,470,000 Change: +3% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $1,220,000 Change: -15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.2103
- Latitude
- 42.3307
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
