1298-1308 Washington Street, Newton, MA for sale

Investment Overview

Boston Realty Advisors is pleased to present the unique opportunity to acquire a stabilized retail asset in West Newton, MA. 1298-1308 Washington Street consists of two retail spaces along one of Greater Boston’s most coveted suburban retail destinations. The properties offer a rare combination of established retailers with long term leases offering investors a best-in-class retail asset. The property consists of over +/- 4,500 square feet of street level space and directly abuts the West Newton Cinema which is undergoing a generational renovation. Additionally, West Newton is now anchored by significant multifamily development, which will add to the significant need for high-quality neighborhood retail. In the immediate vicinity, there are over 350+ units under construction. The property is just a 5 minute or less walk from the West Newton MBTA Commuter Rail.

Investment Highlights

• Prime Village Corrider: Positioned on Washington Street, the spine of West Newton’s vibrant village center, benefiting from strong daily vehicular traffic and a loyal, walkable customer base.
• Affluent, Resilient Trade Area: West Newton sits within Newton, MA — consistently ranked among the wealthiest and most educated communities in Massachusetts — providing retailers with a consumer base that spends locally and weathers economic cycles exceptionally well.
• Supply-Constrained Submarket: The West Newton village retail corridor has limited new supply and high barriers to entry, supporting long-term rent growth and low vacancy for well-located assets.
• Stabilized Asset: The property is encumbered by two long term retail leases offering investors stability and predictable cash-flow. One of the tenants has been in place for over 40 years and recently signed a new 10 year extension. The property has recently undergone significant capital improvements.