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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

    Nearby Similar for Sale

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      Historic office building in Marion with high visibility and charm.
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      Commercial Property on Route 6

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    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.
    (508) 736-2387
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    513 Mill St Marion, MA 02738
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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
    513 Mill St Marion, MA 02738
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