950 Boylston St, Newton, MA 02461
- Office buildings
- 3,168 SF
- 0.12 lot acres
Current Use by Public Records
- Capstone Communities LLC / Property Management Company / Real Estate Developer
- Muscle Inc With Sue Lane / Alternative Medicine Practice / Spa & Massage Center
- New England Insurance Group LLC / Insurance Agency
- Bayassociates / General Contractor
- Adamation Inc / Big Box & Wholesale Store
Property Details for 950 Boylston St
- Year built
- 1950
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.12 lot acres
- Zone code
- BU2
- Property type
- Office buildings
- APN
- NEWT S:51 B:026 L:0002
- APU
- NEWTS51B026L0002
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 31, 2020 | $1,300,000 | 38 Ramsdell Street LLC | Vrb Nt | Quit Claim Arm's Length For Ne States | $845k · Village Bank |
| Oct 11, 2012 | $1 | Vrb Nt | Bram,vivian R | Grant Deed · related | — |
| Mar 3, 2004 | $1 | Alex Dev LLC | Brenner,alan J | Grant Deed · related | — |
Description
This exceptional three-story office building, located at 950 Boylston Street in Newton, Massachusetts, offers a unique opportunity for businesses seeking a prestigious address in a thriving market. The property, built in 1950 and extensively renovated in 2024, boasts a total of 4,752 square feet situated on a 5,175 square foot lot. The building is zoned BU2/VC3 and is ideally suited for a variety of office uses, including traditional, executive, and creative office spaces. Multiple tenancy options are available, with a minimum divisible space of 1,500 square feet, allowing for flexibility to accommodate businesses of various sizes. The building features a classic brick exterior and offers a blend of modern amenities and timeless charm. While there are no elevators, the three-story structure provides ample natural light and a comfortable working environment. This prime location along the Route 128 corridor provides excellent accessibility and visibility, making it an attractive option for businesses seeking a strategic location in Newton, MA. The property presents a compelling opportunity for both leasing and ownership, offering a chance to establish a strong presence in a highly desirable area. The 02461 zip code ensures easy access to major transportation routes and a wealth of local amenities. This is a rare opportunity to secure a well-maintained, renovated office building in a sought-after location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,385,000
- ML approach
- $1,425,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,785,000
- 6.5%
- $1,650,000
- 7%
- $1,530,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,357,000
Market price range: $674k - $1.36M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $965,000 Current use
- COMMERCIAL (GENERAL)
- $1,335,000 Change: +38% Conversion: Easy
- AUTO REPAIR, GARAGE
- $890,000 Change: -8% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $880,000 Change: -9% Conversion: Difficult
- RETAIL STORES
- $855,000 Change: -12% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.2104
- Latitude
- 42.3189
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
