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Property profile & analytics
OFF-MARKET Estimated value $745,000
Retail space

74 Needham St Newton, MA 02461-1616

4,852 SF 0.23 ac lot Built 1930
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US38-0930130
Property summary
AI-generated overview

This exceptional retail property at 74-76 Needham Street in Newton Highlands, Massachusetts, presents a unique investment opportunity. The single-story building offers 4,852 square feet of space situated on a generous 10,000 square foot lot. The property includes 12 parking spaces, a significant advantage in this desirable location. Currently vacant, this building offers a blank canvas for a variety of retail or office uses. Note that the property's previous use was as a dry cleaner. Prospective buyers are responsible for conducting their own environmental investigations to determine the extent of any necessary remediation. This is a rare opportunity, as the property has been under the same ownership for 80 years, making it a truly unique offering in the Newton Highlands market. The property is located in Middlesex County, Massachusetts, with a zip code of 02461. Its convenient location and ample parking make it an attractive proposition for businesses seeking a high-visibility presence in a thriving community. The building's size and layout offer flexibility for various business needs, making it an ideal space for a wide range of retail or office concepts. This is a chance to acquire a substantial property with significant potential in a prime location. Further details are available upon request.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,852 SF
Lot 0.23 ac (10,000 SF)
Zoning code MU2
APN NEWT S:83 B:011 L:0021
UPID US38-0930130
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$745k
Owner & transaction history
Newton Design Center LLC · 1 yrs held
Newton Design Center LLC
since 2025
3 recorded transactions
2025
$2.4M
2025
Price N/A
2009
$1
Zoning & alternative use
MU2 · Newton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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