Multitenant Retail Center Sells for $2.4 Million in Newton, Mass.
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Newton, Mass. (April 25, 2022) – Coldwell Banker Commercial is pleased to have represented the seller, a local family trust, in the sale of a multitenant retail center consisting of two adjacent buildings located at 383-387 Boylston Ave. in Newton, Mass. The transaction was valued at $2.4 million.
Todd Glaskin, a commercial real estate professional with Coldwell Banker Commercial Realty, represented the seller in the transaction.
The one-story buildings, constructed in 1930, total 14,746 square feet, are situated on 0.34 acres of land and have onsite parking for patrons.
“These retail buildings sit in a highly desirable location in Newton and close to the Route 9 corridor, which makes it primed for continued retail use or possible redevelopment,” said Glaskin.
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Coldwell Banker Commercial Realty, the local affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com
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