Listed by Boston Realty Advisors
Unpriced
823-833 Washington Street
Details
Property Type Retail, Multifamily
Sub Type Shopping Center, Apartment Building
Square Footage 14,485
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lot Size (SqFt) 10,735
Zoning BU1/VC3
Investment Type Redevelopment
Retail | 14,485 SqFt
Marketing description
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 GSF 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.
Investment highlights
- Development opportunity: vc3 zoning – 4.5+ stories allowed
- Transit oriented – directly on the newtonville mbta station
- Amenity rich area
- In-place cash flow
- Strong in-place tenancy
- High visibility
- Located in the path of progress
- High traffic count
Listing Contacts
Listed by Boston Realty Advisors
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