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164 Washington St, Norwell, MA 02061

Multi-tenant office building offers fully built-out first- and second-floor suites with natural light and private restrooms.

Property Size1,149 SF
Days on Market1323

Property Features for 164 Washington St

General Information

Standard status Active
Size 1,149 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Flexible Term Yes

Amenities

Route 53 signage and exposure
Professional tenant mix
Natural light
Reception Area
Conference Room
Private Restrooms

Building Details

Construction colonial style
Tenancy Multi
Listing Agency: Jay Nuss Realty Group, LLC
Listed By: Jay Nuss
Source: Moodyscre
Added: Dec 16, 2022 Changed: Jul 26 Last Checked: Jul 30 at 8:41AM

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 Jay Nuss Realty Group, LLC

Investment Insights

Based on property information with market context.

A well-maintained, multi-tenanted, colonial-style professional office building offering multiple office suites with full build-out and an office-intensive layout. Suites include first-level options featuring efficient, professional services configurations, natural light, and fully built-out standard office improvements. A second-level suite is also available with a mostly open floor plan, including a reception area, conference room, partitioned offices, and private restrooms. Several spaces are described as being in excellent condition and were built out in June 2021.

The property is located at 164 Washington St in Norwell, MA, with signage and exposure on Route 53.

Lease terms are listed as negotiable. Free rent is available, and the listing indicates the full fee is paid to cooperating brokers. The posted rates are also noted as potentially not including certain utilities, building services, and property expenses. One second-level floor plan is currently utilized by an engineering firm.

Key Highlights

  • 6,359 SF of available multi‑tenant office space in a well‑maintained colonial‑style building with Route 53 signage/exposure
  • First‑floor suites available: Ste 102 (1,450 SF) and Ste 103 (1,149 SF), both fully built out with office‑intensive layouts and natural light
  • Second‑floor suite available: Ste 201 (3,760 SF) with full build‑out, mostly open layout, and includes a conference room and reception area

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage Bakery Barber Shop (Bike/Boat/Book/etc) Store Locksmith Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,080
Businesses Nearby

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

Market

Lease Benchmarks for Norwell, MA

$26.21 /SF/Yr
Avg Asking Price
$18.26–$45 /SF/Yr
Price Range
2,357 SF
Avg Space Size

This space is priced 16% below the average of $26.21 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Multi-tenant office building offers fully built-out first- and second-floor suites with natural light and private restrooms.
Where is this office units located?
The property is located at 164 Washington St Norwell, MA.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: 6,359 SF of available multi‑tenant office space in a well‑maintained colonial‑style building with Route 53 signage/exposure; First‑floor suites available: Ste 102 (1,450 SF) and Ste 103 (1,149 SF), both fully built out with office‑intensive layouts and natural light; Second‑floor suite available: Ste 201 (3,760 SF) with full build‑out, mostly open layout, and includes a conference room and reception area
(781) 910-6575 Call to check price and availability
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