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911 Washington St 1,700 SF 100% Leased Retail Building Newton, MA 02460 $3,419,600 CAD ($2,011.53 CAD/SF) 8.25% Cap Rate



Investment Highlights
- Parking On-Site
- Village Center Zone
- High Foot Traffic
Executive Summary
Redevelopment Opportunity – Corner Lot – Newton! 21E Phase I study has been done and available upon request. Premier intersection in vibrant Newtonville is now available for the first time in decades!! This property sits in a VC 2 zone as well as a BU 2 zone and allows for a variety of uses and development opportunities. Absolutely incredible visibility for your business or businesses!! Over the past several years the area has become bustling with a number of new apartment buildings and retail stores. Many retail conveniences are within a few blocks including, Star Market, CVS, The Barn Shoes, US Post Office, NY Bagel Factory, Chipotle, yoga studio, cafes, casual and fine dining, barber shops, nail and hair salons and more! The site is level and sits approximately 2 blocks from the commuter rail station accessing The Fenway, Back Bay and South Station. There are 2 lots that total 6,126 sf +/-. The breakdown is 5,173 sf and 953 sf. Please do not walk the site without listing agent as there is still an ongoing busy service station.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,700 SF
Building Class
C
Year Built
1930
Price
$3,419,600 CAD
Price Per SF
$2,011.53 CAD
Cap Rate
8.25%
NOI
$282,095 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.27
Lot Size
0.15 AC
Zoning
VC-2
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Newtonville Service Station
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Newtonville Service Station | Services | - | - | - |
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | NEWT-000021-000029-000030 | Improvements Assessment | $317,703 CAD |
| Land Assessment | $674,500 CAD | Total Assessment | $992,203 CAD |
Property Taxes
Parcel Number
NEWT-000021-000029-000030
Land Assessment
$674,500 CAD
Improvements Assessment
$317,703 CAD
Total Assessment
$992,203 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Kraft Fine Homes
911 Washington St
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