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    550-560 Washington St Weymouth, MA 02188

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    For Sale
    $1,600,000

    1.7 acre lot approved for mixed-use redevelopment.

    Lot size:
    1.70 Acres

    Property Features for 550-560 Washington St

    General Information

    Lot size
    1.70 Acres

    Building Details

    Year built
    1956

    Source: Raymond Jennings lll Agent Raymond Jennings III

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Opportunity in Weymouth

    This 1.7-acre lot is located on Route 53 in Weymouth and is zoned B1 within the Commercial Overlay District (CCOD). The existing improvements include a 1,600-square-foot restaurant and a single-family home with an in-law apartment. The property has received approval for redevelopment into a mixed-use project featuring 28 residential units and a new 3,200-square-foot retail space. The existing restaurant business, which has been operating for 28 years, is planned to be included as a tenant in the new retail space. Architectural renderings, site plans, and the Board of Zoning Appeals (BZA) decision are available for review.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Weymouth
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.9540904
    Latitude
    42.205898

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    FAQs

    What type of property is this?
    Commercial land - 1.7 acre lot approved for mixed-use redevelopment.
    Where is this commercial land located?
    The property is located at 550-560 Washington St Weymouth, MA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - 1.7 acre lot on Route 53 in Weymouth.; - Approved for redevelopment: **28 residential units and 3200 sq. ft. retail space.**; - Located in B1 Zone and Commercial Overlay District (CCOD).
    (781) 718-8449
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    550-560 Washington St Weymouth, MA 02188
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    Weymouth, MA 02188
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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
    550-560 Washington St Weymouth, MA 02188
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