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    Property profile & analytics
    OFF-MARKET Estimated value $28,855,000
    Showrooms

    300 Needham St, Newton, MA 02464-1532

    205,675 SF 4.71 ac lot Built 2006
    Entity Owned 21-yr Hold Free & Clear
    Property ID
    US38-1206386
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Chipotle Mexican Grill Restaurant
    • Dr. Lawrence D. Siegel Physician
    • Pearle Vision Eye Care Center Contact Lenses Supplier
    • EZ Storage Storage Facility
    • Pressed cafe Cafe & Coffee Shop
    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
    300 Needham St LLC · 21 yrs held
    300 Needham St LLC
    since 2005
    3 recorded transactions
    2016
    2005
    2005
    $7.5M
    Zoning & alternative use
    MU1 · Newton, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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