Norwood, MA Commercial Real Estate for Sale and Lease

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What to Expect

This vibrant town has a population of around 30,600 and is located about 23 miles southwest of Boston in Norfolk County. Everything from retail space to office space to industrial space is typically at available at any given time, and businesses for sale and commercial investment properties are readily available too.

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Considered to be part of the Greater Boston Area, this town is located 17 miles from downtown Boston and has 10.5 square miles within its city limits, which is fairly densely populated; 30,602 people live here. The city’s excellent location and dense urban fabric make it ideal for investors who are eager to develop projects that offer retail, office, and recreational uses.

Although the banks of the Neponset River make up a great deal of scenic green space, the city has other areas for relaxing outdoors, including the Ellis Gardens Playground, the University Ave Conservation Area, the Everett Street Conservation Land, the Neponset Valley Lands, the Lasalle Road Conservation Land, the Endean Playground, Westover Park, Hennessey Field, and Shattuck Park.

Those who wish to reach the town by car can do so via Route 1, Route 1A, and Interstate 95. The MBTA Commuter Rail line has three stops within the city limits, and extensive bus service both within the town and to other cities. The town also is home to Norwood Memorial Airport, which has two asphalt runways and is generally suited to small aircraft and helicopters. International aircraft lands at Logan International Airport in Boston.

This city regularly lists commercially zoned lots for sale or lease, many of which offer redevelopment opportunities. The property at 253 Nahatan Street has a lot of 1.8 acres located in the heart of downtown. Currently occupied by a former convent, the corner property is open to commercial redevelopment with or without the existing structure. The lot is located between two MBTA Commuter Rail line stations and is within a short distance of Route 1A, as well as the Norwood Memorial Airport. The rent for this property has not been disclosed.

Office Space Market

Although some historic structures have been converted into charming boutique office suites in this area, there are a number of relatively new office complexes that come equipped with state of the art technology and energy-efficient ratings. The three story complex at 720 University Avenue was built in 1988, and features a total square footage of 75,513 square feet. With a crisp, steel frame and brick and glass exterior, this building is sited on an elegantly landscaped campus next to the Norwood Memorial Airport. An onsite parking lot and large trees make this both accessible and scenic. Located 1.9 miles from the nearest MBTA Commuter Rail line stop, the sale list price for this complex has not been disclosed.

The office complex at 500 River Ridge Drive is located off Route 1 near the Neponset Valley Lands on a fifty acre wooded campus. With a total square footage of 95,203 square feet, this three story complex has a number of different suite sizes available that can be configured to suit tenant needs. Suite sizes range from 13,492 square feet to 16,531 square feet, with contiguous blocks of 30,023 square feet available on each floor. An onsite parking lot features a central flagpole which serves as a drop-off point directly in front of the building. The estimated rent for this structure has not been disclosed.

The property at 89 Access Road features a two story office complex built in 1989 located on the southwest side of Norwood Memorial Airport. With an atrium entry, elevator service to each floor, and a lush landscaped park setting, the structure offers brightly lit suites with drop tile ceilings, carpeted floors, and freshly renovated bathrooms. Private office suites with hardwood floors are available. Suite sizes range from 100 square feet to 1,118 square feet and beyond. Several shops and restaurants are located within walking distance of the complex. The estimated rent for this property is $1.43 a square foot per month.

Built in 1986, the three building complex at 220 Norwood Park South features multiple stories of office suites that combine to form 150,000 square feet of rentable space. Building 4, as it is known, is located off Route 1 in the complex and features a grand total of 40,763 square feet. Office suites range in size from 2,122 square feet to 16,503 square feet. The brick exterior is interrupted by banks of windows that look out onto an onsite parking lot. The perimeter of the building is dotted with manicured hedges and trees. The estimated rent for this facility has not been disclosed.

Retail Space Market

From charming downtown storefront retail to gas station adjacent retail complexes, there are a variety of options available for commercial tenants and buyers in this area. The three story brick and white clapboard complex at 1060-1064 Washington Street is sited on a corner lot in the heart of downtown, and features beautiful display windows that look out onto a sidewalk. The upper two floors have exterior balconies and bay windows. The 9,702 square foot structure has a 750 square foot suite available on the ground floor. The estimated rent for this property is $1.13 a square foot per month.

The property at 117-125 Central Street features an elegant two story brick and stone building that curves around to take full advantage of its prominent downtown corner lot. Built in 1930, the building has been beautifully maintained and features beautiful geometric mullions in the storefront display windows. With 13,836 square feet of total leasable area, the structure has suite sizes of 500 square feet available for lease. The estimated rent for this structure has not been made publicly available.

With its curved brick archways and stonework details on the roofline, this two story retail building at 481-489 Washington Street has a desirable downtown location only 0.2 miles from the nearest MBTA Commuter Rail line. Built in 1927, the building has 4,950 square feet of leasable space. Tenants may occupy suites of up to 2,400 square feet, with smaller sizes available. Parking is available on the street. The estimated rent for this property is $1.67 to $2.14 a square foot per month.

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