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513 Mill St Marion, MA 02738

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For Sale
$2,100,000

Turn-key investment property in Marion, MA with strong cash flow.

Lot size:
1.89 Acres

Property Features for 513 Mill St

General Information

Lot size
1.89 Acres

Building Details

Year built
1965

Source: Coastal Realty Agent Lori A. Nery

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


Overview

Meticulously Maintained Investment Property

This meticulously maintained 15,787-square-foot investment property is available for purchase for the first time. Constructed in 1965, the building is situated on 1.89 acres of landscaped grounds located off Route 6. Currently, the property is leased to a global R&D/office tenant with a lease extending for 3 years, plus a 5-year option, generating approximately $150,000 annually in rental income. The tenant is responsible for most expenses. The building comprises 4 interconnected, single-level units and 1 freestanding unit, offering flexibility for an end user or conversion into 4 stand-alone rental spaces. Features include 3-phase electric, tile flooring, and abundant natural light. A 25,000-square-foot parking area is available. The space is suitable for a medical or nursing facility, adult or child daycare, R&D, office, or other commercial uses. The property's exceptional condition, strong cash flow, and versatile layout make it a unique opportunity in the Southcoast and Cape Cod commercial market.
Insight Report Location Intelligence

Current Use by Public Records

Teledyne Test Services Engineering Consultant

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Marion
County
Plymouth
State
Massachusetts
Longitude
-70.7720489
Latitude
41.708229

FAQs

What type of property is this?
Office building - Turn-key investment property in Marion, MA with strong cash flow.
Where is this office building located?
The property is located at 513 Mill St Marion, MA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: - Turn-key 15,787 sq. ft. investment property on 1.89 acres.; - Generates approximately $150,000 annually in rental income with a tenant in place.; - Tenant pays most expenses under a 3-year lease with a 5-year option.
More about this property
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