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15 Spencer St 9,587 SF 100% Leased Retail Building Newton, MA 02465 $4,797,765 CAD ($500.44 CAD/SF)
Investment Highlights
- An incredible development opportunity in the heart of West Newton
- Newton MA opportunity
- Great location with easy access to public transportation
Executive Summary
For Sale -Approved West Newton Residential Redevelopment Project
Permits for 27 units (19 - one bed, 8 -studios) on five floors.
Drawings available upon request.
Unbelievable West Newton location.
Permits for 27 units (19 - one bed, 8 -studios) on five floors.
Drawings available upon request.
Unbelievable West Newton location.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,587 SF
Building Class
C
Year Built
1930
Price
$4,797,765 CAD
Price Per SF
$500.44 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.57
Lot Size
0.14 AC
Zoning
BU1
Parking
6 Spaces (0.63 Spaces per 1,000 SF Leased)
Frontage
77’ on Spencer St
Fairly walkable
50/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | NEWT-000033-000010-000007 | Improvements Assessment | $1,184,225 CAD |
| Land Assessment | $560,790 CAD | Total Assessment | $1,745,016 CAD |
Property Taxes
Parcel Number
NEWT-000033-000010-000007
Land Assessment
$560,790 CAD
Improvements Assessment
$1,184,225 CAD
Total Assessment
$1,745,016 CAD
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15 Spencer St
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