Property profile

30 Riverdale Ave Newton, MA 02458

OFF-MARKET
Investment properties
Property ID
US38-1750920
705 SF 0.74 ac lot Built 1965
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2023-built flex/industrial condominium unit in Newton, MA, presents a unique investment opportunity. Located at 30 Riverdale Ave #8, this property boasts a generous 0.73-acre lot and offers a versatile space ideal for a variety of businesses. The unit features a fully climate-controlled interior, including a convenient half bath and utility sink. Access is simplified by a 14-foot drive-in door, facilitating easy loading and unloading. Above the warehouse space, a climate-controlled mezzanine office provides additional workspace with a 10-foot ceiling height. The warehouse itself offers impressive clear heights ranging from 9 to 24 feet, maximizing storage and operational efficiency. This property benefits from its strategic location, providing easy access to major transportation arteries including the Mass Pike, Storrow Drive, and Route 20. The property is zoned M, offering flexibility for various commercial uses. This turnkey solution is ready for immediate occupancy and represents a compelling opportunity for businesses seeking a modern, well-equipped space in a highly desirable location. Contact us today to schedule a viewing and explore the potential of this exceptional property.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1965
Total area 705 SF
Lot 0.74 ac (32,100 SF)
Zoning code MAN
APN NEWT S:11 B:001 L:0004
UPID US38-1750920

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
  • Landscaping General Contractor
  • Landscaping General Contractor
  • Landscaping General Contractor

Location

30 Riverdale Ave Newton, MA 02458-1064
Newton metro Census 373200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2014
2 recorded transactions
2022
Price N/A
2014
$1.9M

Zoning & alternative use

MAN · Newton, MA

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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