Mixed-Use Restaurant and
34 Brockton Avenue Abington, MA 02351
34 Brockton Avenue, Abington, MA, 02351
$1,099,900
For Sale
$1,099,900
Three-unit mixed-use building with an updated first-floor restaurant and two second-floor 2-bedroom apartments.
Property Size3,184 SF
Price / SF$345.45
Days on Market59
Property Features for 34 Brockton Avenue
General Information
- Standard status
- Active
- Size
- 3,184 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2004
Listing agency
William Raveis R.E. & Home Services
Listed by
Rebecca Huang
(617) 846-8000
Source
Highlandre
Added: May 24 Updated: Jul 20 at 7:09PM Checked: Jul 21 at 9:12AM
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 William Raveis R.E. & Home Services
Investment Insights
Based on property information with market context.
Built in 2004, this three-unit mixed-use property includes an updated restaurant on the first floor and two 2-bedroom apartments on the second level. The apartments each have central air, washer and dryer hookup, and a balcony. All utilities are separated between the restaurant and the residential units.
The property is located on Route 123, right off Route 18, in a high-visibility setting. It sits next to a small plaza that includes a 7-Eleven store and other retail.
The restaurant is currently leased for $3,200 plus NNN, with a 5-year fixed term and a 5-year option. The residential units are rented at $1,650 each.
The property is located on Route 123, right off Route 18, in a high-visibility setting. It sits next to a small plaza that includes a 7-Eleven store and other retail.
The restaurant is currently leased for $3,200 plus NNN, with a 5-year fixed term and a 5-year option. The residential units are rented at $1,650 each.
Key Highlights
- 3‑unit mixed‑use building built in 2004 with an updated restaurant on the 1st floor
- 2nd level includes two 2‑bedroom apartments with central air, washer/dryer hookups, and balconies
- Restaurant rent is $3,200 + NNN with a 5‑year fixed term and 5‑year option
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.2k | $25.20 |
| − Vacancy | −$1.8k | −$0.55 |
| EGI | $78.5k | $24.65 |
| − OpEx | −$19.6k | −$6.16 |
| NOI | $58.9k | $18.48 |
3,184 SF · lease $25.20/SF/yr · vacancy 2.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$840.8K
$735.7K – $980.9K
NOI $58,854 @ 7.0% cap · market cap 5.35%
Second Best
Multifamily LT 5
$768.7K
$672.6K – $896.9K
NOI $53,811 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,944 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Express Rооfеrs - Rооf ...
Corporate Office
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FAQs
What type of property is this?
Conventional restaurant - Three-unit mixed-use building with an updated first-floor restaurant and two second-floor 2-bedroom apartments.
Where is this conventional restaurant located?
The property is located at 34 Brockton Avenue Abington, MA.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: 3‑unit mixed‑use building built in 2004 with an updated restaurant on the 1st floor; 2nd level includes two 2‑bedroom apartments with central air, washer/dryer hookups, and balconies; Restaurant rent is $3,200 + NNN with a 5‑year fixed term and 5‑year option
