Exceptional commercial property located in the heart of booming downtown Newton, within the desirable T5 zoning district. Situated on over half an acre, the property offers a large, 37 space dedicated parking lot - one of the largest in the town of Newton and excellent potential for future apartment or mixed-use development, subject to zoning and municipal approvals.The meticulously maintained, turnkey building is currently utilized as office space with an active lease/sublease, providing an opportunity to generate income while exploring its long-term development potential. The property has been thoughtfully maintained and is ready for immediate continued use.Located within walking distance of downtown Newton, this property offers convenient access to local shops, restaurants, services, and community amenities.Whether you are looking to redevelop, expand, or hold as an income-producing investment, this property offers numerous possibilities in a growing and highly desirable location.