617-797-7747
264-276 Centre St, Newton, MA for Sale
Medical - FOR SALE
1/11
null | Request Cap Rate

Sep '27


264-276 Centre St
Newton, MA 02458
Newton Corner


HIGHLIGHTS

  • Rare Newton Corner investment and redevelopment opportunity
  • 14,025 SF commercial building situated on 27,962 SF of land (3 parcels).
  • Approximately 60 +/- surface parking spaces with 186 feet of Centre Street frontage.
  • Leased to a subsidiary of Mass General Brigham through September 30, 2027, providing stable interim cash flow.
  • Prominent location with exceptional visibility in the heart of Newton Corner.

OVERVIEW

Rare Newton Corner Redevelopment & Investment Opportunity Godino & Company is pleased to exclusively offer 264–276 Centre Street, Newton, MA, a premier redevelopment and investment opportunity located in the heart of Newton Corner. The offering consists of a 14,025 SF commercial building situated on approximately 27,962 SF of land with approximately 60 +/- surface parking spaces and outstanding frontage along Centre Street. The property is currently leased to a subsidiary of Mass General Brigham through September 30, 2027, providing stable interim income while allowing investors to plan for future redevelopment or repositioning. Located within Newton's BU1 and BU2 zoning districts, the property offers exceptional flexibility for future development. Potential uses include: Medical Office Mixed-Use Residential Multifamily Housing Retail & Neighborhood Services Senior Living / Assisted Living (Special Permit) Office or Institutional Uses The site benefits from excellent visibility, convenient access to the Massachusetts Turnpike (I-90), Storrow Drive, Route 16, and downtown Boston, and is surrounded by many of Greater Boston's leading educational, medical, and life science institutions, including Harvard University, MIT, Boston University, Mass General Brigham, Dana-Farber, Beth Israel Deaconess, Children's Hospital, Arsenal Yards, and Kendall Square. This is a unique opportunity to acquire a well-located income-producing asset with significant long-term redevelopment potential in one of Greater Boston's most desirable and supply-constrained communities. For pricing, offering memorandum, and property tours, contact us.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Investment & Redevelopment Opportunity

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Assisted Living, Congregate Senior Housing, Hospital

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,962 SF

ZONING

BU1 & BU2

APN/PARCEL ID

NEWT-000071-000008-000002,NEWT-000071-000008-000003

ASK ABOUT THIS PROPERTY

Tom Godino Sr.Godino & Company, Inc.More Info
617-797-7747

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Tom Godino Sr.Godino & Company, Inc.More Info
617-797-7747

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.