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Langley Place 10 Langley Rd

32,301 SF 82% Leased Office Building Newton, MA 02459 For Sale

Investment Highlights

  • Unique Office and Retail Property. A Former Methodst Church (Pre 1980), with a variety of layouts. high ceilings in some suites.
  • Multi-Tenant Office Building. Rehab to residential units, near public transportation, in the Heart of Newton Centre, neighborhood.
  • Proximity to the T Green Line, Rte 128/95, Mass Pike and Rte 9 for access to Langley Place

Executive Summary

Langley Place: ar the top of Langley Road, from
Sale price information can be obtained by contacting The Exclusive Leasing and Managing Agents, Brentandy Real Estate, Inc.,
Brenton M. Ravech.
An ole style, former Methodist Church Property, Langley Place, is a unique, Boutique Building, located in the heart of Newton Center, MA.
The rehab of the 1880 building, with 18” Granite walls, was transformed to the current use of a mix use property of retail (first floor) and professional offices, floors 2-5.
Each unit represents an understanding of the design of the original building of 1880, with the design improvements with the additions in 1980-1981, plus updates throughout the years to date.
The 1980-81 capitol improvements included, placing concrete in the sections of the sanctuary, adding new windows throughout the building, creating the dormer areas for space to lease in this area of the newly renovated property created a larger floor area for the third and fourth floors.
Close proximity to the T Green Line and Rte 128/95, Mass Pike and Rte9, for ease of accessibility.
Longterm Landlord seeking to sell their asset.
The entire building and property is being sold, not individual suites.
Broker(s)for the buyer(s), must be paid by the buyer(s). The Seller and their Broker, will not be paying or sharing their fees, commission, or any other financial exchanges to others.
Municipal Parking is available for the current use of the property for many years, since 1980. There are different hour zones available.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
32,301 SF
Building Class
A
Year Built/Renovated
1880/1982
Percent Leased
82%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
6,460 SF
Slab To Slab
12’
Building FAR
2.18
Land Acres
0.34 AC
Zoning
BU1 - Business District. Current Use Office. POTENTIAL USE TO RESIDENTIAL, City of Newton is to increase residential offerings near public transportation.

Amenities

  • 24 Hour Access
  • Banking
  • Metro/Subway
  • Property Manager on Site
  • Restaurant
  • Signage
  • High Ceilings
  • Natural Light
  • Partitioned Offices
  • Drop Ceiling
  • Outdoor Seating
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 3rd Fl-Ste 302
  • 646 SF
  • Office
  • Partial Build-Out
  • Now

Two perimeter office suites overlooking, South, and Newton Centre. Reception area and closet. Paint and carpet improvements being offered using building standard finishes.

  • 3rd Fl-Ste 305
  • 917 SF
  • Office
  • Partial Build-Out
  • Now

Landlord will paint and carpet premises for a five year term. Available 12/1/20. Two perimeter offices, interior office, private conference room, reception area/waiting area.

  • 3rd Fl-Ste 403
  • 4,328 SF
  • Office
  • Partial Build-Out
  • Now

Very unique space.

Space Size Space Use Condition Available
3rd Fl-Ste 302 646 SF Office Partial Build-Out Now
3rd Fl-Ste 305 917 SF Office Partial Build-Out Now
3rd Fl-Ste 403 4,328 SF Office Partial Build-Out Now

3rd Fl-Ste 302

Size
646 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

3rd Fl-Ste 305

Size
917 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

3rd Fl-Ste 403

Size
4,328 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

3rd Fl-Ste 302

Size 646 SF
Space Use Office
Condition Partial Build-Out
Available Now

Two perimeter office suites overlooking, South, and Newton Centre. Reception area and closet. Paint and carpet improvements being offered using building standard finishes.

3rd Fl-Ste 305

Size 917 SF
Space Use Office
Condition Partial Build-Out
Available Now

Landlord will paint and carpet premises for a five year term. Available 12/1/20. Two perimeter offices, interior office, private conference room, reception area/waiting area.

3rd Fl-Ste 403

Size 4,328 SF
Space Use Office
Condition Partial Build-Out
Available Now

Very unique space.

Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
17,128
169,944
535,032
2024 Population
16,578
166,524
521,235
Population Growth '20-'24
-3.2%
-2.0%
-2.6%
2020 Households
5,750
67,775
214,070
2024 Households
5,557
66,266
207,736
Household Growth '20-'24
-3.4%
-2.2%
-3.0%
Average Age
41
40
39
Median Household Income
$202,768
$125,449
$113,106
Daytime Employees
7,353
91,573
390,604
Total Businesses
1,129
12,078
43,073
College Degree + Higher
86%
73%
70%

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NEWT-000061-000033-000002
Land Assessment
$1,181,100
Improvements Assessment
$6,705,500
Total Assessment
$7,886,600
  • Listing ID: 26991858

  • Date on Market: 10/28/2022

  • Last Updated:

  • Address: 10 Langley Rd, Newton, MA 02459

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