Renovated Retail Storefront
562 Washington St Abington, MA 02351
562 Washington St, Abington, MA, 02351
$399,000
For Sale
$399,000
Newly renovated retail storefront offered for sale with CBD zoning in Abington Center.
Property Size800 SF
Price / SF$498.75
Days on Market91
Property Features for 562 Washington St
General Information
- Standard status
- Active
- Size
- 800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1896
Listing agency
Coldwell Banker Realty - Plymouth
(508) 208-8316
Listed by
Jared Borgatti
(508) 208-8316
Source
Alliancepartnersre
Added: Apr 23 Updated: Jul 20 at 11:20PM Checked: Jul 20 at 11:20PM
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 Coldwell Banker Realty - Plymouth
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.
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
Local Financial Insights For 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 | $19.2k | $24.00 |
| − Vacancy | −$422 | −$0.53 |
| EGI | $18.8k | $23.47 |
| − OpEx | −$5.6k | −$7.04 |
| NOI | $13.1k | $16.43 |
800 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$187.8K
$164.3K – $219.1K
NOI $13,144 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.6K
$414.4K – $552.5K
NOI $33,152 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Prime Health Insurance ...
Insurance Agency
Similar For Sale Nearby
FAQs
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 $399,000.
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
