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COMMON W EALTH AV ENUE NEW TON MA COMMONWEALTHAVENUE COMMONWEALTHAVENUE Executive Summary Colliers International is pleased to offer for sale 1900 Commonwealth Avenue a prime one 1 plus acre opportunity ideal for an educational or religious institution or redevelopment. The site is located on Route 30 in the City of Newton one of Bostons most sought-after suburban submarkets. The offering currently includes a 14050 SF brick church formerly operated as the Parish of the Messiah and hosts an expansive sanctuary stained glass and ample parking. This investment opportunity is offered for sale on an unpriced basis. We will conduct tours over the next several weeks with a call for offers to follow. For additional information please visit www.1900commonwealth.com. Access to Transportation To Route 9 2.6 miles To Riverside MBTA Green Line Station 1.3 miles To I-90 Access 0.6 miles To Auburndale MBTA Commuter Rail 0.4 miles 113000 Median Household Income 2.5 Average Household size 40.1 Median Age 5 Newton South High School recently ranked 5 best high school in the state Newton Demographics 02 Newton is frequently voted a top 10 best community to live in. Investment Highlights Ideal Location 1900 Commonwealth Ave is positioned along Route 30 in Newton one of MAs most sought-after suburban towns. Accessible by the Commuter Line as well as Route 30 and Interstate 90 the site provides a community setting with convenience to urban amenities. 1900 Commonwealth Ave is positioned minutes from a myriad of shopping and entertainment destinations including the Shops at Chestnut Hill Square Newton Centre Star Market Boston Sports Club West Newton Cinema Trader Joes and numerous country clubs. Redevelopment Opportunity with Cash Flow 1900 Commonwealth Ave is an ideal for a religious or educational institution or owner occupier. The property provides a one 1 plus acre redevelopment site with a NNN tenant. The existing cash flow allows for the collection of revenue through 2019 which provides flexibility for a potential redevelopment during the zoning process. Strong Market Dynamics Arguably one of the most sought after suburban residential markets in the Greater Boston area Newton consistently boasts some of the highest home prices in the state. With limited new supply home prices have increased 10 between 2015 and 2016 YTD. Strength in Education Newton consistently ranks in the top 10 best public schools in the state with graduation rates at 98.1. Colleges universities located within Newton and the Greater Newton area include Lasell College Boston College Brandeis University Bentley University Babson College and Mount Ida College all within a ten minute drive to 1900 Commonwealth Ave. Distance from Employment Drivers To Downtown Boston 11.5 miles To Longwood Medical Area 8.9 miles To Needhams Third Street 5.5 miles To Bentley University 3.8 miles To Waltham 2.9 miles 03 MULTI-FAMILY INVESTMENT SALES Christopher Sower 617-330-8141 christopher.sowercolliers.com Jen Price 617-330-8043 jennifer.pricecolliers.com Jonathan Bryant 617-330-8081 jonathan.bryantcolliers.com Maggie Collins 617-330-8013 maggie.collinscolliers.com TEAM LEADER James Elcock 617-330-8020 james.elcockcolliers.com FINANCING Kevin Phelan 617-330-8050 kevin.phelancolliers.com Adam Coppola 617-330-8039 adam.coppolacolliers.com SUBURBAN Timothy OBrien 617-330-8172 timothy.obriencolliers.com Colliers International 160 Federal Street Boston MA 02110 colliers.com COMMONWEALTHAVENUE COMMON W EA LTH AV E.