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$ 6,250,000
Est. payment /mo
Active
823-833 Washington Street Newton, MA 02460
14,485 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,485 sqft
Price per Sqft $431
MLS Listing ID 73484403
HOA Y/N false
Year Built 1920
Annual Tax Amount $99
Tax Year 99
Lot Size 10,890 Sqft
Acres 0.25
Property Description
We are proud to present the opportunity at 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 capitalize on the development potential.
Location
State MA
County Middlesex
Area Newtonville
Zoning 99
Direction 823-833 Washington Street Newton, MA 02460
Others
Senior Community false
Listed by Boston Realty Advisors