233 Needham StNewton, MA 02464
- Office buildings
- 65,404 SF
Property Details for 233 Needham St
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.99 AC
- Property size (Sq ft)
- 65,404 SF
- Zone code
- MU1
- Property type
- Office buildings
- APN
- NEWT S:51 B:028 L:0008
- APU
- NEWTS51B028L0008
Description
233 Needham Street in Newton, Massachusetts offers a unique opportunity to lease creative office space within a vibrant and convenient location. This 12,434 square foot building, situated in the N2 Innovation District of Middlesex County, is currently fully vacant and available for lease. The property is classified as Retail, Office, and Restaurant, making it suitable for a variety of businesses. Multiple tenancy options are available, with spaces ranging from a minimum of 1,661 square feet to a maximum contiguous space of 3,732 square feet. Five individual suites are available for lease, providing flexibility for businesses of varying sizes. The building's prime location offers easy access to a wealth of amenities, including numerous restaurants, fitness centers, and retail establishments, all within walking distance. This impressive property presents a compelling opportunity for businesses seeking a modern and convenient workspace in a thriving area. The address is 233 Needham Street, Newton, MA 02464. The property is ideally situated for businesses seeking a high-profile location with excellent accessibility and a strong surrounding infrastructure. The building's total square footage is 12,434 square feet, with the entire space currently available for lease. This presents a rare chance to secure a significant footprint in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $12,255,000
- 6.5%
- $11,312,300
- 7%
- $10,504,300
-
Comparable approach
- Method
- Valuation
- Relative Method
- $8,545,690
- Geo Method
- $8,545,690
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $22,271,300
- Retail / Commercial
- $11,420,600
- Mixed-Use / Specialty
- $11,379,900
- Hospitality / Lodging
- $8,349,080
- Institutional / Educational
- $11,830,500
- Residential Income
- $13,841,700
- Multifamily
- $16,601,000
- Automotive / Energy
- $10,140,400
- Parking / Income-Based Land
- $3,499,350
- Restaurant / Food Service
- $5,918,780
- Healthcare / Senior Housing
- $11,669,900
Location Insight
- City
- Newton
- County
- Middlesex
- State
- Massachusetts
- Latitude
- 42.31
- Longitude
- -71.2152
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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