PROPERTY DESCRIPTION

The offering represents a rare redevelopment opportunity in Newton Corner, one of Greater Boston’s most affluent and supply-constrained submarkets. The property consists of 14,025 SF of existing improvements situated on 23,164 SF of land, currently leased to a subsidiary of Mass General Brigham through September 2027, providing stable interim income while a buyer advances planning, entitlement, or repositioning strategies.

Located at 264–276 Centre Street, the site benefits from exceptional regional connectivity with immediate access to the Mass Pike (I-90), placing Boston’s core employment, medical, and academic clusters within minutes. The surrounding area features high household incomes, strong educational attainment, and dense residential demand, supporting a wide range of future uses.

The property’s scale, zoning profile, and premier Newton location create multiple viable redevelopment paths, including medical office, assisted living/memory care, boutique office, or mixed-use concepts. Large parcels in Newton Corner are exceedingly limited, positioning this asset as a high-barrier, long-term value opportunity for developers, investors, and owner-users seeking a strategic foothold in one of Massachusetts’ most stable markets.