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    50 Central Ave Needham Heights, MA 02494
    Property profile & analytics

    50 Central Ave, Needham Heights, MA 02494

    View on Map

    • Retail space
    • 7,734 SF
    • 0.46 lot acres
    Needham Mixed-Use Redevelopment Opportunity For Sale
    $1,220,000
    4,700 SF

    Needham Mixed-Use Redevelopment Opportunity

    4,700 SF retail/office building with redevelopment potential in Needham.

    50 Central Ave, Needham Heights, MA
    View Listing
    Property ID
    US38-1137757
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • NYB SR22 Insurance Associates / Insurance Agency

    Property Details for 50 Central Ave

    Year built
    1965
    Lot size
    0.46 lot acres
    Zone code
    NB
    Property type
    Retail space
    APN
    NEED M:080.0 B:0009 L:0000.0
    APU
    NEEDM0800B0009L00000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 12, 2022 — Jeanne E Bolio Vp RT Quit Claim Deed · related —
    Dec 12, 2022 $1,125,000 Bte Development LLC Panella Edward Est Quit Claim Arm's Length For Ne States —
    Dec 12, 2022 $1,200,000 Bte Development LLC M J Panellea 1992 T Quit Claim Arm's Length For Ne States $2.4M · First Boston Construction Holdings

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,310,000
      ML approach
      $1,245,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,228,000
      Market price range: $1.23M - $3.41M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,980,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Needham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2283
    Latitude
    42.3111
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,373
    $265,400
    $278,900
    $544,300
    -
    $0.00
    $0.00
    $0.00
    View Listing
    More about this property
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