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400 Homer Street - Newton Centre MA 400 Homer St 1,200 SF Retail Building Newton, MA 02459 $950,000 ($791.67/SF)
Investment Highlights
- Single tenant building with on premise parking
- Fully built out space
- Fantastic Newton Centre location
Executive Summary
Stand alone, direct entry property with parking for sale.
Great Newton Centre location (across from City Hall and down the block from the Main Library) zoned for residential use with a special permit for commercial use.
Zoned SR2, the new owner has the right to build/expand to a 1,787 SF single family home on this parcel of land (Lot size: 3,885 SF).
Currently being used for commercial purposes (beauty spa - personal services), which the City of Newton has approved through its special permit.
Tons of possibilities with this Newton Centre property.
Commercial wise, the building is licensed for "any and all personal services" (with 1 1/2 bathrooms and dual hair washing stations) but can also be used as office space for a psychologist, attorney, architect or other small business.
On premise parking for five vehicles plus tons of free on street parking available.
Great Newton Centre location (across from City Hall and down the block from the Main Library) zoned for residential use with a special permit for commercial use.
Zoned SR2, the new owner has the right to build/expand to a 1,787 SF single family home on this parcel of land (Lot size: 3,885 SF).
Currently being used for commercial purposes (beauty spa - personal services), which the City of Newton has approved through its special permit.
Tons of possibilities with this Newton Centre property.
Commercial wise, the building is licensed for "any and all personal services" (with 1 1/2 bathrooms and dual hair washing stations) but can also be used as office space for a psychologist, attorney, architect or other small business.
On premise parking for five vehicles plus tons of free on street parking available.
Property Facts
Sale Type
Owner User
Property Type
Retail
Building Size
1,200 SF
Building Class
C
Year Built/Renovated
1950/2021
Price
$950,000
Price Per SF
$791.67
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.08 AC
Zoning
SR2 - Building is zoned SR2 with special permit
Parking
6 Spaces (5 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | NEWT-000064-000003-000001 | Improvements Assessment | $124,300 |
| Land Assessment | $311,000 | Total Assessment | $435,300 |
Property Taxes
Parcel Number
NEWT-000064-000003-000001
Land Assessment
$311,000
Improvements Assessment
$124,300
Total Assessment
$435,300
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400 Homer Street - Newton Centre MA | 400 Homer St
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