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Property profile & analytics
FOR SALE
Commercial real estate

159 Washington St Norwell, MA 02061

0.9 ac lot Built 1800
Entity Owned 5-yr Hold
Property ID
US38-2412098
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Year built 1800
Lot 0.9 ac (39,204 SF)
UPID US38-2412098
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Blend (final) Blend
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Owner & transaction history
Young Belford LLC · 5 yrs held
Young Belford LLC
since 2020
2 recorded transactions
2020
$720,000
2016
$600,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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