Mixed-Use Restaurant and
For Sale
$1,099,900
34 Brockton Ave, Abington, MA 02351
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 Market147
Property Features for 34 Brockton Ave
General Information
Standard status
Active
Size
3,184 SF
Property subtype
Commercial
Zoning
CBD
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,221
Building Details
Building Size
3,184 SF
Year Built
2004
Listing Agency:
William Raveis R.E. & Home Services
(617) 322-3933
Listed By:
Rebecca Huang
(617) 888-0018
Source:
Churchillprop
Added: May 27
Changed: Oct 6
Last Checked: Oct 20 at 5:47PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,854
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,177,080
$1.2M
Cap Rate 7%
$840,771
$840.8K
Cap Rate 9%
$653,933
$653.9K
Market Conditions
NOI Build-Up for 3,184 SF
Gross rent
$80.2K $25.20/SF
− Vacancy
−$1.8K −$0.55/SF
EGI
$78.5K $24.65/SF
− OpEx
−$19.6K −$6.16/SF
NOI
$58.9K $18.48/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,177,080
Cap Rate 7%
$840,771
Cap Rate 9%
$653,933
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02351, MA
17,085
Population
6,576
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
1,709
Density / Sq Mi
$119,787
Median Household Income
$61,646
Median Earnings
$1,547
Median Rent
$516,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 Ave 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
