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    21 Norwell Ave Norwell, MA 02061

    For Sale
    $575,000

    Rare opportunity with redevelopment potential in a desirable Norwell neighborhood.

    Property size:
    1,724 SF

    Property Features for 21 Norwell Ave

    General Information

    Standard status
    Active
    Size
    1,724 SF

    Building Details

    Year built
    1800

    Source: Compass Agent Nicole Blanchard

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

    Overview

    Redevelopment Opportunity: Jacob Reed Barn

    For the first time in over 75 years, the Jacob Reed Barn, dating back to approximately 1817, is available for sale. This property offers a unique combination of an existing structure, completed engineering approvals, and significant redevelopment potential within one of Norwell’s most sought-after neighborhoods. Situated on a private, mature parcel bordered by stone walls, the 1,724 square foot property provides both privacy and long-term value. Builders and end-users will benefit from the completed due diligence, which streamlines timelines and accelerates the permitting process. The property includes an irrigation well, which is a shallow private well on-site intended for landscape and irrigation purposes. Septic engineering plans for a 4-bedroom design have been completed and approved by the Town. There are no wetlands on the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Restaurant Dental Office Building Supply Kitchen & Bath Daycare Center HVAC Service Electrical Service Bakery Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwell
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.8165035
    Latitude
    42.1737026

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    FAQs

    What type of property is this?
    Land - Rare opportunity with redevelopment potential in a desirable Norwell neighborhood.
    Where is this land located?
    The property is located at 21 Norwell Ave Norwell, MA.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Rare opportunity to own the historic Jacob Reed Barn (c. 1817) for the first time in 75+ years.; - Engineering is complete and demolition is approved, significantly reducing redevelopment timelines.; - Septic engineering for a 4-bedroom design is completed and Town approved.
    (617) 206-3333
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    21 Norwell Ave Norwell, MA 02061
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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
    21 Norwell Ave Norwell, MA 02061
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