Weston Retail Space - For Rent & Sale
Typical Properties
With an abundance of open land located next to clusters of tight-knit business districts and residential areas, the typical properties in this town favor smaller, boutique spaces in low slung complexes or freestanding structures. Many of the buildings are refurbished and renovated, with the construction of some dating back to the 19th century.
The property at 331 North Avenue is an example of the popularity of businesses that are primarily accessible by car. A drive-in dining facility, the one story structure is sited in the center of a parking lot that is located off a road on which the side is festooned with trees and other natural landscape elements. The paved parking lot serves as an interupption to the natural splendor of the environment. The structure, which is approximately 1,200 square feet, features outdoor dining benches and a bank of windows from which customers can order food to go.
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A more traditional commercial complex can be found at 41 Center Street, which is located in a denser part of town. This two story development features a collonade that shelters the ground floor commercial suites from the weather and provides a relaxing atmosphere for patrons. The approximately 30,000 square foot complex features a grocery store as an anchor tenant and several smaller businesses in adjacent units. A central landscaping island acts as both an aesthetic improvement and a traffic calming measure, helping to ease drivers into the main parking lot and make them aware of pedestrians who may be trying to access the main collonade. With a brick and clapboard exterior, the building combines a nod to historical architecture styles with the clean effieincy of modern construction techniques.
Nearby, the suites at 544 Boston Post Road are also located on an ample parking lot ringed by trees. The two story complex, which is approximately 6,000 square feet in size, provides a stately locale for an upscale business. A white clapboard exterior faces the parking lot, and features a row of windows on the ground floor, under which a series of hedges have been planted. The facility has two seperate entrances; a staircase leads to the suite on the second floor, which has a fireplace and a set of three large windows which provide abundant natural light to the interior.
Just up the street at 483 Boston Post Road is a three story structure that houses an assortment of businesses on the ground floor and offices in the upper two stories. This structure features a central entryway that is flanked by columns on either side. Visitors can park on the street directly in front of the building or on a small lot at the rear of the structure. A sidewalk in front of the building leads to other nearby boutique shopping complexes, forming the central section of the business district. With approximately 16,000 square feet of leasable space, this facility is ideal for a series of small companies.
At 481 Boston Post there is a freestanding one story structure that was built in 1900 that has been beautifully maintained. With an elegant brick exterior and colonial-era columns and decorative motifs, the structure is currently home to a bank franchise. Two enormous rectangular windows with small mullions flank the entryway, providing natural light to the open floor plan within. With approximately 3,800 square feet of leasable area, the building is a prime example of how historic structures have been preserved and updated to serve contemporary commercial needs.
Average Renting and Buying Prices
The property at 450-456 Boston Post Road is located in the center of downtown, and features a sidewalk in front of its beautiful front facade. Composed of glass blocks set into square window frames in a vivid white wall, this structure’s facade is instantly visually memorable, and features a seperate black sign for business signage. The interior features hardwood floors and elegant plaster walls, and is 1.4 miles from the nearest MBTA Commuter Rail line station. Built in 1870, the structure has been thoroughly remodeled and features a grand total of 8,580 square feet of leasable area. Suites ranging from 814 square feet to 1,474 square feet are available for lease. The rent for this property is $2.50 a square foot per month.
The property at 70 Boston Post Road, which is near the city limits, features a commercial complex sited on a large parking lot. The structure features a sloping roof and several seperate suites, each of which has a prominent gable over its entryway. Built in 1930, the complex has been well maintained, and features business signage that is visible from the road. Trees surround the perimeter of the lot, and the interior spaces feature carpeted floors with drop tile ceilings. The rent for a unit in this building is $1.17 per square foot per month.
Those who are interested in buying commercial buildings may want to investigate the property at 1060-1062 Main Street, which offers a freestanding structure near a busily trafficked intersection. The exterior has floor to ceiling windows that wrap around the corner entryway, creating an excellent site for the display of goods, as well as a year-round source of natural light. The entryway is partly covered by an overhang that shelters visitors from the elements as well as providing a space for business signage. The brick exterior, which was built in 1930, has been well maintained, and has six parking spaces in the back. The property has a total of 2,700 square feet of leasable space, and has a sale list price of $695,000, or $257.40 a square foot.
The property at 42 Weston Street was built in 1900, and has a brick exterior with banks of windows on both its floors. A small onsite parking lot makes it easy for visitors to park and shop in the well maintained building, which features a small series of hedges around the perimeter of the structure. With 8,476 square feet of leasable space, the structure is ideal for either one tenant or several tenants in the subdivided larger unit. The sale list price for this property is $2,200,000, or $259.55 per square foot.
Real Estate News
This area is known for its sumptuous estates and luxurious homes, as well as a recent influx of biotech companies which relish the open, green spaces. Numerous sports stars and other celebrities have made this town their primary residence, and then have made news again when they have sold their multi-acre properties for upwards of $18 million dollars. However, the town has recently started to focus on developing its commercial sector, in part spurred by the relocation of companies such as Biogen and Monster to the area.
Currently, there is a proposal to develop the property at 133 Boston Post Road into a mixed-used project that would add 345 new residences as well as several commercial suites. The specific number of commercial suites has not yet been determined, although the city will be holding meetings throughout 2018 to determine what this figure should be. The figure is based on several considerations, including the financial analysis of the proposed development, as well as public input on what types of suites should be allowed. Zoning issues are also a factor; the town council is currently trying to identify a suitable access road for the development in addition to the existing Boston Post Road. The project would also include additional office space for Biogen and Monster.
Other proposed projects include a new development at 269 North Avenue, which would feature 16 new residential units on 1.46 acres. The site, which was formerly occupied by a structure that burned down in a fire, is highly accessible to public transit. The Hastings MBTA Commuter Rail line station is 0.3 miles away, and the Kendal Green MBTA Commuter Rail line station is 0.8 miles away. The development would provide more potential customers for any mixed-use projects nearby.
There is also the proposed development at 255 Merriam Street/11 Hallett Hill. With an initial plan featuring 10 residential properties on 2.94 acres, this project would focus on creating an area for residents who are committed to living there longterm and investing in their community. The project is of interest to commercial investors because it provides yet another potential reliable source of revenue for future business development. Currently, the town has several committees which must consider any application: there is the Board of Selectmen, the Planning Board, the School Committee, the Housing Trust, and the Zoning Board of Appeals, all of which must review all documentation attached to a given project and form a consensus.
Finally, there is a proposal for a 150 residential unit complex at 104 Boston Post Road. The properties would be sited on a 2.1 acre parcel and consist of a five story building with an onsite, below grade parking structure. The potential addition of this complex so near to the central business district of the town is promising for investors who want to capitalize on creating a commercial project that would cater to the needs of this group of residents. Because the city has generally preferred a process of modest growth, the number of new proposed structures bodes well for creating a far more dense and commercially viable town center. Investors who wish to purchase or lease property in existing structures now will only benefit once the plans for the new projects are approved.
Sign Up Benefits
Cities like this one move with great care and consideration when it comes to approving new developments. This is why it is vital to sign up for our viewing service, which will enable you to schedule a viewing of a property as soon as it is available to be seen. The market here is competitive for buyers and those who wish to rent commercial suites, which means that when a property does finally become available, it is swamped with requests for viewing appointments.
Our service helps you get to the front of the line and see the units that you are most interested in. Whether you’ve always wanted a charming drive-through dining facility on a forested country road or a first class, top tier commercial suite in the heart of the business district, our service can help you line up an appointment at a time that is convenient to you. We help you find properties that are not only within your budget, but that have the kind of leasing terms that make it possible for you to achieve maximum flexibility with minimum hassle.
We are currently actively monitoring the proposed developments at 133 Boston Post Road, 269 North Avenue, 255 Merriam Street, and 104 Boston Post Road. We are also trying to locate any available lots of commercial land. The area has recently begun to host larger companies on unspoiled campuses of open land, and will likely continue to welcome other organizations to the city environs. By signing up with our service, our clients will be able to receive notifications on properties that have just hit the market. We attempt to tailor our notifications to best serve our clients. By telling us what kind of property you are interested in, as well as the sorts of amenities you are seeking and the ideal configuration (open floor plan or build to suit) that you would like, we can immediately match you with ideal parcels.
Our years of experience in the real estate market have enabled us to spot promising new cities and towns well ahead of the curve. We understand the fundamental elements of what makes an area a great investment, for now and for the future. This town’s combination of excellent public transit and pro-business city council makes us believe that every dollar spent here will provide a very high return on investment for our clients. Sign up for our viewing service today to get started on finding your ideal property!
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Retail Space