288 Walnut StNewton, MA 02460

Property Details for 288 Walnut St

Year built

1970

Construction

STEEL FRAME

Lot size

0.58 AC

Property size (Sq ft)

41,610 SF

Zone code

BU1

Property type

Office buildings

APN

NEWT S:22 B:004 L:0015

APU

NEWTS22B004L0015

Description

This exceptional 250-square-foot executive office suite is perfectly situated at 288 Walnut Street, #301, in Middlesex County. Located on the third floor of a three-story building constructed in 1970, this space offers a unique opportunity for a single professional or small business. The suite is currently vacant and ready for immediate occupancy. The building features a total of 250 square feet of rentable space, with this particular suite comprising the entire available area. The property sits on a 0.58-acre lot and is zoned BU1. While the office itself lacks external windows, it offers a private and focused work environment. The building includes one parking space. This is an ideal solution for an individual seeking a self-contained office space with a convenient location. The multiple tenancy structure ensures a professional atmosphere. The property is classified as both retail and office, reflecting its versatility and potential for various uses. This is a rare opportunity to secure a well-located, private office in a desirable area. The space is ready for immediate move-in, allowing for a quick start to your business operations. Don't miss this chance to establish your presence in this thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,879,376

  6.5%

  $6,350,193

  7%

  $5,896,608

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,436,762

  Geo Method

  $5,436,762

• Alternative Use

  Use

  Valuation

  Residential

  $7,874,240

  Hospitality

  $7,212,761

  Educational

  $6,000,932

  Medical

  $6,207,314

  Retail

  $9,334,784

Location Insight

City

Newton

County

Middlesex

State

Massachusetts

Latitude

42.351

Longitude

-71.2064

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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