72 River Park StNeedham, MA 02494

Property Details for 72 River Park St

Lot size

1.67 AC

Property size (Sq ft)

21,085 SF

Zone code

IND1

Property type

Office buildings

APN

NEED M:085.0 B:0054 L:0000.0

APU

NEEDM0850B0054L00000

Description

This exceptional office property at 72 River Park Street in Needham, Massachusetts offers a variety of flexible spaces for lease or sublease. Located in Norfolk County, this two-story building boasts a total of 21,085 square feet situated on a 1.67-acre lot. Built in 1983, the property features a traditional office layout adaptable to executive or creative office needs. The building is well-maintained and includes convenient amenities such as elevators. Available spaces range from 1,500 to 3,351 square feet, providing options for businesses of various sizes. The multiple tenancy structure allows for a diverse and collaborative environment. This prime Needham location offers easy access to major transportation routes and local amenities, making it an ideal location for businesses seeking a productive and convenient workspace. The property's ample square footage and flexible space options make it suitable for a wide range of office uses. The building's single structure simplifies management and provides a cohesive work environment. This is a rare opportunity to secure office space in a desirable Needham location. Inquire today to learn more about available suites and lease terms. Zip code: 02494.

• CAP approach

  CAP return

  Valuation

  6%

  $3,485,980

  6.5%

  $3,217,828

  7%

  $2,987,983

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,754,966

  Geo Method

  $2,754,966

• Alternative Use

  Use

  Valuation

  Residential

  $3,990,107

  Hospitality

  $3,654,916

  Educational

  $3,040,848

  Medical

  $3,145,427

  Retail

  $4,730,207

Location Insight

City

Needham

County

Norfolk

State

Massachusetts

Latitude

42.3083

Longitude

-71.2288

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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