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    159 Washington St Norwell, MA 02061

    For Sale
    $875,000

    Historic Building, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This charming, historic retail property at 159 Washington Street, Norwell, MA, is available for sale at $875,000 or lease at $3,450 per month. Situated on Route 53, this 0.9-acre lot boasts excellent visibility and accessibility. Recent improvements include a new roof, fresh exterior paint, updated landscaping, a new boiler, and a new 14 KW Generac generator, ensuring efficient and reliable operation. The building previously served as a Tile and Kitchen design center, offering ample space for a variety of businesses. The property features a spacious main retail area, individual offices upstairs, and a 950-square-foot unfinished basement providing significant storage potential. Ample private parking is available for employees and customers. The tenant is responsible for all utilities. This property presents a unique opportunity for a business seeking a well-maintained, historically significant location with high visibility and convenient parking. Buyers are responsible for conducting all due diligence.

    Property Features for 159 Washington St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    39,204 SF

    Building Details

    Year Built
    1800
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency 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
    Norwell
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.87531
    Latitude
    42.16918

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Building, High Visibility
    Where is this commercial real estate located?
    The property is located at 159 Washington St Norwell, MA.
    What is the asking price?
    The asking price for this property is $875,000.
    (781) 659-2255
    Request Owner's contact information
    159 Washington St Norwell, MA 02061
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    Norwell, MA 02061
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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
    159 Washington St Norwell, MA 02061
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