Property profile

300 Needham St Newton, MA 02464

OFF-MARKET
Showrooms
Property ID
US38-1206386
205,675 SF 4.71 ac lot Built 2006
Entity Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 300 Needham Street in Newton, Massachusetts, offers 12,000 square feet of prime retail space in a thriving strip center. Currently, 14,587 square feet is available for lease, divisible into units ranging from 4,378 to 10,209 contiguous square feet, providing flexibility for various business needs. The property boasts a total of 153 parking spaces, ensuring ample convenience for customers and employees. Situated in Middlesex County, this location benefits from high visibility and accessibility, making it an ideal opportunity for businesses seeking a strong presence in a bustling market. The property's multiple tenancy structure offers a diverse and vibrant atmosphere, attracting a wide range of clientele. The available space presents a unique chance to establish or expand a retail operation in a well-established and highly desirable area of Newton, MA. The zip code is 02459. This is a rare opportunity to secure a significant retail footprint in a prime location. The property type is retail, specifically a strip center. Serious inquiries are encouraged.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2006
Construction STEEL FRAME
Total area 205,675 SF
Lot 4.71 ac (205,211 SF)
Zoning code MU1
APN NEWT S:83 B:030 L:0011
UPID US38-1206386

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
  • Restaurant
  • Physician
  • Eye Care Center Contact Lenses Supplier
  • Storage Facility
  • Cafe & Coffee Shop

Location

300 Needham St Newton, MA 02464-1532
Newton metro Census 374100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$28.86M

Owner & transaction history

since 2005
3 recorded transactions
2016
Price N/A
2005
Price N/A
2005
$7.5M

Zoning & alternative use

MU1 · Newton, MA
Zoning description

The intent of the zone to promote mixed uses

General category MIXED_USE

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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