MIXES USE: Extremely rare opportunity in prime Chestnut Hill. Located on John Street just off Route 9, this property sits steps from The Street at Chestnut Hill and directly across from the Atrium office development. The property consists of two connected buildings totaling 5,000+ sq ft, not including the walkout lower level on the commercial side and the basement on the residential side. The zoning line uniquely divides the parcel, with approximately half in MR1 (multi-residential) and the other in BU1 (business), offering significant flexibility for redevelopment or mixed-use potential. There is no demolition delay with the city, allowing developers to move forward with plans immediately. The site also features approximately 18 off-street parking spaces with potential for more, an exceptional amenity in this highly desirable location. Conveniently located within walking distance to Chestnut Hill Square, home to Wegmans, as well as The Mall at Chestnut Hill.
11-15 John St, Newton, (Newton Center), MA, 02459
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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