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    641 North Main Street Randolph, MA 02368

    Sponsored
    For Sale
    $950,000

    Two Buildings, 4672 sq ft, Gated Lot

    Property size:
    4,672 SF

    Description

    Added:
    Dec 26, 2024
    Days on Market:
    381
    This Randolph, MA investment opportunity features two buildings totaling 4672 square feet on a 0.11-acre lot (24,829 sq ft). The property is zoned Orchard Street Business District (OBD) and has an assessor code of 3320 (Mixed-Use), with an assessed value of $695,700 and annual taxes of $15,423.67. Building 1 offers 3381 sq ft of office/storage/garage space, including a 60' x 30' garage with four overhead doors, one bathroom, full HVAC, and newer 200-amp electric service (single-phase). A partial basement is also included. Building 2 comprises 1291 sq ft and features a first-level single-car garage with storage and a second-level updated 4-room/1-bedroom apartment with 100-amp electric service and oil heat. The property boasts a gated lot with a 40-car capacity, two water meters, a security system with 11 cameras, and a Class II license is available. This owner-user investment presents a unique opportunity in a desirable location.

    Property Features for 641 North Main Street

    General Information

    Property type
    Other specialty properties
    Investment Type
    owner-user
    Square Feet
    4,672 SF
    Price / Square Foot
    $203
    Elevators
    N/A
    Lot Size
    4,672 SF

    Building Details

    Year Built/Renovated
    1900/1987
    Buildings
    2
    Stories
    2
    Units
    2

    HighLights

    • Two buildings on a 0.11‑acre lot in Randolph, MA, priced at $950,000.
    • Features a gated lot with 40‑car capacity and security systems with 11 cameras.
    • Includes a Class II license, two water meters, and two buildings totaling 4672 sq ft.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Randolph
    State
    Massachusetts
    Longitude
    -71.05028
    Latitude
    42.178631

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    FAQs

    What type of property is this?
    Specialty property - Two Buildings, 4672 sq ft, Gated Lot
    Where is this specialty property located?
    The property is located at 641 North Main Street Randolph, MA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Two buildings on a 0.11-acre lot in Randolph, MA, priced at $950,000.; Features a gated lot with 40-car capacity and security systems with 11 cameras.; Includes a Class II license, two water meters, and two buildings totaling 4672 sq ft.
    (781) 910-6575
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    641 North Main Street Randolph, MA 02368
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    Randolph, MA 02368
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    641 North Main Street Randolph, MA 02368
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