Established Shopping Plaza For
For Sale
$2,550,000
461 Washington St, Holliston, MA 01746
Shopping plaza with long-term tenants and value-add potential.
Property Size6,650 SF
Price / SF$383.46
Days on Market311
Property Features for 461 Washington St
General Information
Standard status
Active
Size
6,650 SF
Building Details
Year Built
1999
Listing Agency:
Century 21 North East
Listed By:
Beatriz Gomez
(508) 944-1779
Source:
Alpernandmesenbourg
Added: Nov 28, 2025
Changed: Sep 14
Last Checked: Oct 4 at 2:14PM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This established shopping plaza is located on Route 16, benefiting from significant foot and vehicle traffic. The property features seven units, five of which are occupied by long-term tenants operating under NNN leases, providing a consistent rental income stream. The property includes a large plaza housing three restaurant units, two stand-alone buildings each containing one unit, and a smaller plaza with two vacant units, offering immediate value-add potential. Various parking areas serve all units, including designated disabled parking spots. This property is suitable for a 1031 exchange or portfolio expansion.
Key Highlights
- High‑traffic location on Route 16.
- Consistent rental income from 5 long‑term NNN tenants.
- Ideal for 1031 exchange or portfolio expansion.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,579
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,911,580
$1.9M
Cap Rate 7%
$1,365,414
$1.4M
Cap Rate 9%
$1,061,989
$1.1M
Market Conditions
NOI Build-Up for 6,650 SF
Gross rent
$146.0K $21.96/SF
− Vacancy
−$9.5K −$1.43/SF
EGI
$136.5K $20.53/SF
− OpEx
−$41.0K −$6.16/SF
NOI
$95.6K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,911,580
Cap Rate 7%
$1,365,414
Cap Rate 9%
$1,061,989
Alternative Uses
Best Use
Retail
$1.37M
$1.19M – $1.59M
NOI $95,579 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.94M
$3.44M – $4.59M
NOI $275,574 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 01746, MA
14,996
Population
5,774
Households
2.6
Avg Household Size
43
Median Age
66%
College-Educated
96%
High-School Grad
18.7 sq mi
ZIP Area
802
Density / Sq Mi
$154,684
Median Household Income
$75,457
Median Earnings
$1,651
Median Rent
$620,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Shopping plaza with long-term tenants and value-add potential.
Where is this shopping center located?
The property is located at 461 Washington St Holliston, MA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: High‑traffic location on Route 16.; Consistent rental income from 5 long‑term NNN tenants.; Ideal for 1031 exchange or portfolio expansion.
