781-640-5858
50 Central Ave, Needham, MA for Sale
Storefront Retail/Office - FOR SALE
1/5
null | Request Cap Rate

50 Central Ave
Needham, MA 02494


HIGHLIGHTS

  • Owner-User or Redevelopment Opportunity
  • Existing 4,700 SF Retail/Office Building
  • Permitted 18-Unit Residential/Commercial Complex
  • Strong Needham Demographics
  • Unmatched Highway Access

OVERVIEW

Opportunity to acquire 40–50 Central Street in Needham, Massachusetts. The property consists of a 4,700 SF retail/office building situated on a 32,016 SF lot (0.96 acres), offering a rare opportunity for an owner-user, investor, or developer to secure a well-located asset in one of MetroWest Boston’s most desirable suburban markets. The existing two-story building supports a range of commercial uses while also offering exceptional redevelopment potential. The Town of Needham has approved permits for the construction of an 18-unit mixed-use project (15 residential units—three of which are affordable—and 3 commercial retail units), allowing a buyer to either proceed with an entitled development opportunity or explore alternative strategies aligned with their use. Alternatively, 40–50 Central Street is well-suited for an owner-user seeking to stop paying rent and control their own real estate. The property can also be configured as a multi-tenant building with ample parking, catering to a wide range of flex and professional uses. Ideally positioned near Needham Center, the property benefits from excellent access to I-95/Route 128, the Massachusetts Turnpike (I- 90), and public transportation via the Needham Heights Commuter Rail Station. With strong surrounding demographics, limited new multifamily supply, and consistent demand, 40–50 Central Street represents an outstanding opportunity to own, occupy, or redevelop a centrally located property in a highly sought-after suburban submarket West of Boston.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

32,016 SF

ZONING

NB

APN/PARCEL ID

NEED-000080-000009

ASK ABOUT THIS PROPERTY

Tyler Capecci128 CREMore Info
781-640-5858

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Tyler Capecci128 CREMore Info
781-640-5858

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