145 Rosemary StNeedham, MA 02494

Property Details for 145 Rosemary St

Year built

1954

Lot size

5.06 AC

Property size (Sq ft)

75,790 SF

Zone code

I

Property type

Office buildings

APN

NEED M:101.0 B:0002 L:0000.0

APU

NEEDM1010B0002L00000

Description

This exceptional property at 145 Rosemary Street in Needham, Massachusetts, offers a unique opportunity for businesses seeking flexible and adaptable office space. Built in 1960, this single, three-story building sits on a substantial 220,414 square foot lot. The property is classified as Office and Industrial, encompassing several subtypes including Medical Office, Creative Office, Flex, and R&D space, making it suitable for a wide range of uses. The building's total square footage is currently unavailable, however, there is currently one space available ranging from 4,000 to 8,326 square feet. The multiple tenancy structure allows for diverse occupancy options. Its convenient location off Highland Avenue and I-95 provides excellent accessibility and visibility. This property presents a rare chance to acquire a well-situated, adaptable space in the thriving Needham market, offering significant potential for growth and expansion. The property's zoning and specific permitted uses should be verified independently. The year built and lot size provide a solid foundation for various business ventures. Interested parties should inquire about current availability and lease terms. The address is 145 Rosemary Street, Needham, MA 02494.

• CAP approach

  CAP return

  Valuation

  6%

  $12,530,351

  6.5%

  $11,566,478

  7%

  $10,740,301

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,902,721

  Geo Method

  $9,902,721

• Alternative Use

  Use

  Valuation

  Residential

  $14,342,432

  Hospitality

  $13,137,591

  Educational

  $10,930,321

  Medical

  $11,306,232

  Retail

  $17,002,722

Location Insight

City

Needham

County

Norfolk

State

Massachusetts

Latitude

42.2888

Longitude

-71.237

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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