74 Needham St Newton, MA 02461-1616
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MU2 · Newton, MANewton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.