617-850-9647
823-833 Washington St, Newton, MA for Sale
Storefront Retail/Office - FOR SALE
1/8
null | Request Cap Rate

823-833 Washington St
Newton, MA 02460
Newtonville


HIGHLIGHTS

  • DEVELOPMENT OPPORTUNITY: VC3 ZONING – 4.5+ STORIES ALLOWED
  • STRONG IN-PLACE TENANCY
  • TRANSIT ORIENTED – DIRECTLY ON THE NEWTONVILLE MBTA STATION

OVERVIEW

Boston Realty Advisors is proud to present the opportunity to acquire 823-833 Washington Street in Newton, MA. Situated at the corner of Washington Street and Walnut Street in Newtonville, the property consists of +/-14,485 SF and is situated on 10,735 SF of land, zoned BU1/VC3. The property is currently 100% occupied with a healthy mix of high-quality tenants and has experienced minimum vacancy over the term of generational ownership. The property is extremely well located, well maintained, and sits directly across the street from the Newtonville MBTA station and the TRIO apartment community. In 2023, the city of Newton passed the Village Center Overlay District to encourage density in commercial districts. The property sits in VC3 zoning which allows development up to 4.5 stories. Given the transit oriented location, the property greatly benefits from the zoning improvements. Newton, MA is considered one of the most sought after Boston suburbs, so developers are able to draft off these drivers and capitalize on the development potential. 823-833 Washington is available for sale on an “un-priced” basis. We will be conducting tours of the property in the coming weeks with a “call-for-offers” to follow.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,406 SF

ZONING

VC3

APN/PARCEL ID

NEWT-000023-000022-000007

ASK ABOUT THIS PROPERTY

Kevin BenzingerBoston Realty AdvisorsMore Info
617-850-9647

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Kevin BenzingerBoston Realty AdvisorsMore Info
617-850-9647

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