Building Details

Building Size 800 SF

Year Built 1896

Listing Agency: Coldwell Banker Realty - Plymouth Show Phone

Listed By: Jared Borgatti Show Phone

Source: Churchillprop

Added: Mar 9 Changed: Oct 22 Last Checked: Oct 24 at 2:50PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This newly renovated retail storefront is being offered for sale, with updates described as completed “top to bottom.” The property is presented as a blank canvas for a customized interior build-out, and it is currently available for an incoming business to move in.

The space is located in Abington Center and is described as favorably zoned for Central Business District (CBD), with zoning bylaws referenced as available (see attached). Access is noted as close to Routes 123, 18, and 58.

Retail build-out can be tailored to the next user, supported by the property’s recently completed renovations and its established presence in Abington Center for over 30 years.

Key Highlights

• Newly renovated commercial retail storefront in Abington Center
• CBD (Central Business District) zoning for the retail space (see attached zoning bylaws)
• Year built: 1896

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,144

Cap Rate

4.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$262,880 $262.9K

Cap Rate 7%

$187,771 $187.8K

Cap Rate 9%

$146,044 $146.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 800 SF

Gross rent

$19.2K $24.00/SF

− Vacancy

−$422 −$0.53/SF

EGI

$18.8K $23.47/SF

− OpEx

−$5.6K −$7.04/SF

NOI

$13.1K $16.43/SF

Area

Plymouth County, MA

Vacancy

2.20%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$262,880

Cap Rate 7%

$187,771

Cap Rate 9%

$146,044

Alternative Uses

Best Use

Retail

$187.8K

$164.3K – $219.1K (±1% cap)

NOI $13,144 @ 7.0% cap · market cap 4.13%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$473.6K

$414.4K – $552.5K (±1% cap)

NOI $33,152 @ 7.0% cap · market cap 10.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Prime Health Insurance ... Insurance Agency

Suggested Use

Top Pick Law Firm Electrical Service Skin Care Clinic Parking Lot & Garage (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

322

Businesses Nearby

31k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Bank of America Shops & Services

11,036 visits/mo 0.3 miles

Citgo Shops & Services

7,464 visits/mo 0.4 miles

7-Eleven Shops & Services

6,249 visits/mo 0.2 miles

Santander Bank Shops & Services

4,054 visits/mo 0.1 miles

Advance Auto Parts Shops & Services

2,526 visits/mo 0.4 miles

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Newly renovated retail storefront offered for sale with CBD zoning in Abington Center.

Where is this retail space located?

The property is located at 562 Washington St Abington, MA.

What is the asking price?

The asking price for this property is $317,900.

What are key features of this property?

This property features: Newly renovated commercial retail storefront in Abington Center; CBD (Central Business District) zoning for the retail space (see attached zoning bylaws); Year built: 1896