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Property profile & analytics
OFF-MARKET Estimated value $685,000
Investment properties

4 Washington St Hanson, MA 02341-1021

4,084 SF 0.91 ac lot Built 1983
Individually Owned 23-yr Hold ~ Est. High Equity
Property ID
US38-0343842
Property summary
AI-generated overview

This exceptional commercial property, located at 4 W Washington St in Hanson, MA, presents a unique investment opportunity. The building, currently operating as a funeral home, boasts over 4,000 square feet of well-maintained space. Its versatile layout offers significant potential for a variety of commercial uses, subject to necessary town approvals. The property sits on a sizable 0.91-acre corner lot at a busy intersection, ensuring high visibility and accessibility. The ample parking, with over 30 spaces, caters to both staff and customers. The building itself is in excellent condition, having undergone recent updates. This prime location in Hanson, MA, combined with the substantial square footage and convenient parking, makes this property an attractive prospect for entrepreneurs and investors seeking a strong foothold in a thriving community. The existing structure provides a solid foundation for a new venture, while the generous lot size allows for potential expansion or redevelopment. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price is $750,000.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1983
Construction FRAME
Total area 4,084 SF
Lot 0.91 ac (39,770 SF)
Zoning code 100
APN HANS M:92 B:0 P:6
UPID US38-0343842
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
Current use
Occupant on record · Public records
  • Leighton-Mac Kinnon Funeral Social Service Agency
  • MacKinnon Funeral Homes and South Shore Cremation Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$605k
Comparable Approach Comparable
$698k
Blend (final) Blend
$685k
Owner & transaction history
Richard D Mackinnon · 23 yrs held
Richard D Mackinnon
since 2003
7 recorded transactions
2023
Price N/A
2013
Price N/A
2013
Price N/A
2010
Price N/A
2008
Price N/A
2003
$450,000
2003
Price N/A
Zoning & alternative use
100 · Hanson, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $845,000 +13.9%
Auto repair, garage $845,000 +13.6%
Office building $825,000 +10.9%
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