aisellshomes.space

$6,250,000

Active

823-833 Washington Street

Newton, MA, 02460

Commercial · MLS #73484403

Days on market

New today

Lot size

0.25 ac

0.25 acres

Lot

About this home

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.

Listed by Kevin Benzinger · Boston Realty Advisors

Schedule a showing

823-833 Washington Street

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$40,458 / month

Down payment20% · $1,250,000
Interest rate6.50%

Loan term

Principal & interest
$31,603
Property tax
$6,250
Home insurance
$2,604

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).

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