22 Langley Rd Newton Centre, MA 02459
- Retail space
- 9,744 SF
- 0.82 lot acres
Current Use by Public Records
- FedEx OnSite / Shipping And Mailing Service / Shipping Service
- Walgreens Pharmacy / Pharmacy
- Walgreens Photo / Passport Photo Processor / Photo Lab
- TD Bank ATM / Atm
- Vipul Patel / Pharmacy
Property Details for 22 Langley Rd
- Year built
- 1940
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.82 lot acres
- Property size
- 9,744 SF
- Zone code
- BU1
- Property type
- Retail space
- APN
- NEWT S:61 B:033 L:0006
- APU
- NEWTS61B033L0006
Description
This exceptional 19,282-square-foot retail space presents a unique investment opportunity in Middlesex County. Previously occupied by a Walgreens, this single-tenant property boasts high visibility and excellent accessibility. Its strategic location offers significant advantages for a variety of retail businesses. The property benefits from its proximity to a thriving retail corridor, with nearby establishments including Starbucks, Dunkin', J.P. Licks, CVS, and Subway, ensuring high foot traffic and brand recognition. Furthermore, its location less than two miles from Boston College and Commonwealth Avenue, a major thoroughfare in Boston and Newton, MA, guarantees substantial exposure to a large and diverse customer base. The substantial square footage provides ample space for a wide range of retail concepts, offering flexibility and potential for customization. This property is ideal for businesses seeking a well-established location with strong existing infrastructure and immediate access to a dense population. The single-tenant occupancy simplifies management and provides a clear understanding of the property's operational history. This is a rare opportunity to acquire a prime retail space in a high-demand area with significant growth potential. Serious inquiries are encouraged.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,335,000
- 6.5%
- $2,155,000
- 7%
- $2,000,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,625,000 Current use
- RESTAURANT
- $2,830,000 Change: +8% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,745,000 Change: +4% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,700,000 Change: +3% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $2,245,000 Change: -15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.1933
- Latitude
- 42.3314
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA