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823-833 Washington St 14,406 SF 100% Leased Retail Building Newton, MA 02460 For Sale
Investment Highlights
- DEVELOPMENT OPPORTUNITY: VC3 ZONING – 4.5+ STORIES ALLOWED
- TRANSIT ORIENTED – DIRECTLY ON THE NEWTONVILLE MBTA STATION
- STRONG IN-PLACE TENANCY
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,406 SF
Building Class
C
Year Built
1920
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.99
Lot Size
0.33 AC
Zoning
VC3 - Village Center Overlay District - VC3 - Allows 4.5 Stories.
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (87)
Nearby Major Retailers
Property Taxes
| Parcel Number | NEWT-000023-000022-000007 | Improvements Assessment | $1,656,100 |
| Land Assessment | $797,900 | Total Assessment | $2,454,000 |
Property Taxes
Parcel Number
NEWT-000023-000022-000007
Land Assessment
$797,900
Improvements Assessment
$1,656,100
Total Assessment
$2,454,000
Contacts
-
Kevin Benzinger -
Christopher Hatem -
Nicholas Herz -
Jason Weissman -
Boston Realty Advisors
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823-833 Washington St
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