368 & 378 Hillside Ave, Needham, MA

Commercial Property For Sale

CALL FOR OFFERS: JUNE 16, 2020

EXECUTIVE SUMMARY

128 CRE is pleased to present the opportunity to purchase 368 & 378 Hillside Ave in Needham, MA. The two buildings can be purchased individually or as a package and offer a total 10,646 SF of commercial and residential space on .23 acres. This offer presents a great owner-user opportunity or transit-oriented development site.

Positioned 500 feet from the Needham Heights Commuter Rail, 368 & 378 Hillside Ave is surrounded by a wealth of long-standing, innovative companies and established employers while also providing easy access to major transits such as Route 9 and Route 128/95. A short distance from Hillside Ave is Rosemary Pool and Recreational Center, which is also used for ice-skating in the wintertime. A few blocks further takes you to the Needham Public Library and to a variety of stores and restaurants. As one of New England’s most exclusive and affluent communities, Needham’s combination of excellent schools, access to public transportation and proximity to Boston make it an ideal location for a growing business or a developer.

368 Hillside Ave is a three-story 6,500 RSF commercial building on .12 acres with newly installed solar panels on the roof. This asset consists of three tenants currently on ‘tenant-at-will’ lease terms. The building is ideal for an owner-user who could occupy a variety of spaces or stabilize the current tenants while providing rental rate upside. 378 Hillside Ave is a three-story 4,146 SF two-family apartment building on .11 acres. One tenant resides on the 2nd and 3rd floors with the 1st floor currently vacant. 378 Hillside Ave could also be used for commercial purposes or for someone who wants to live and work in the same building. This residential building offers variety to the site while increasing the overall total acreage.

368 & 378 Hillside Ave are being offered for sale on an unpriced basis. 128 CRE will conduct site tours in the coming weeks and will be accepting offers on a rolling basis.