Retail Suite With Open
For Sale
Contact for pricing
119 Washington Street # 6, Norwell, MA 02061
B6-zoned suite with onsite parking, roadway signage, a private office, and a restroom.
Property Size2,002 SF
Price / SF$0.01
Days on Market51
Property Features for 119 Washington Street # 6
General Information
Standard status
Active
Size
2,002 SF
Property subtype
Commercial
Zoning
B6
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1989
Listing Agency:
Hartel Realty
(508) 444-0172
Listed By:
Greg Hartel · License #9511655
(617) 256-3169
Source:
Churchillprop
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 6:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hartel Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,002± SF retail suite at Bay Path Square combines an open-concept floor plan with a private office and restroom. The space is configured for retail, showroom, professional office, or service-oriented use and is available for lease. Built in 1989, the property provides a practical commercial setting for customer-facing or client-oriented operations.
The suite fronts Route 53 in Norwell and includes onsite parking and roadway signage. Bay Path Square is positioned minutes from Route 3 and Grove Street Plaza, with nearby retail, professional, and service businesses contributing to an established commercial setting. B6 zoning and the flexible interior layout support a range of potential business formats identified for the space.
The suite fronts Route 53 in Norwell and includes onsite parking and roadway signage. Bay Path Square is positioned minutes from Route 3 and Grove Street Plaza, with nearby retail, professional, and service businesses contributing to an established commercial setting. B6 zoning and the flexible interior layout support a range of potential business formats identified for the space.
Key Highlights
- 2,002± SF retail or professional office suite
- Open‑concept layout with private office and restroom
- B6 zoning with retail, showroom, office, and service‑oriented use potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,894
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,880
$657.9K
Cap Rate 7%
$469,914
$469.9K
Cap Rate 9%
$365,489
$365.5K
Market Conditions
NOI Build-Up for 2,002 SF
Gross rent
$48.0K $24.00/SF
− Vacancy
−$1.1K −$0.53/SF
EGI
$47.0K $23.47/SF
− OpEx
−$14.1K −$7.04/SF
NOI
$32.9K $16.43/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,880
Cap Rate 7%
$469,914
Cap Rate 9%
$365,489
Alternative Uses
Best Use
Office B
$598.2K
$523.4K – $697.9K
NOI $41,874 @ 7.0% cap · market cap 167,496.00%
Second Best
Retail
$469.9K
$411.2K – $548.2K
NOI $32,894 @ 7.0% cap · market cap 131,576.00%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,962 @ 7.0% cap · market cap 331,848.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 02061, MA
11,351
Population
3,739
Households
3
Avg Household Size
42
Median Age
65%
College-Educated
98%
High-School Grad
20.9 sq mi
ZIP Area
543
Density / Sq Mi
$182,637
Median Household Income
$82,358
Median Earnings
$2,181
Median Rent
$799,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - B6-zoned suite with onsite parking, roadway signage, a private office, and a restroom.
Where is this retail space located?
The property is located at 119 Washington Street # 6 Norwell, MA.
What are key features of this property?
This property features: 2,002± SF retail or professional office suite; Open‑concept layout with private office and restroom; B6 zoning with retail, showroom, office, and service‑oriented use potential
