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    278 Centre St Quincy, MA 02169

    Sponsored
    For Sale
    $1,420,000

    Versatile Medical/Office Building, High Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This two-story, 8,100 sq ft free-standing building in Quincy, MA, is offered for sale at $1,420,000. Located at 278 Centre St (zip code 02169), this property boasts high foot and vehicle traffic due to its corner lot and excellent visibility. Its convenient location offers incredible highway access (Routes 3, 93, and 95), proximity to public transportation (0.4 miles to Quincy Adams Station), and closeness to Quincy Center (1.2 miles). The building features three units, ideal for various uses including medical, office, or even light industrial, thanks to its IND A zoning. Each of the two floors includes open concept reception areas and private restrooms; the top unit also has an additional bathroom with a stand-up shower. Several rooms per floor provide flexibility for different layouts. Current tenants include a chiropractic office and a spa/massage business. The building can be delivered vacant. Ample street parking is available, with additional parking in a left-side alley, and potential for lot expansion. A planned apartment complex (300+ units) across the street offers significant future development potential. The property also presents a lease option, with the entire building available for $8,000 per month or individual units for $4,500-$5,000 (including basement). The owner may assist with build-out for lease. Condo development plans are available. A 1031 exchange is a permitted sale condition. The building was constructed in 1970.

    Property Features for 278 Centre St

    General Information

    Property type
    Medical offices

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • $1,420,000 asking price for a three‑unit office building in Quincy, MA.
    • The 8,100 sq ft property is zoned IND A and features a two‑story building constructed in 1970.
    • Excellent location with high foot and vehicle traffic, great visibility, and convenient access to major highways (Routes 3, 93, and 95) and public transportation.
    • Suitable for various uses, including medical, office, and light industrial; currently configured with a chiropractic office and spa.
    • 1031 exchange opportunity available; building can be delivered vacant or leased, with options for the entire building or individual units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Henderson Grealis & Taxsense Accountant Mystic massage Massage Therapist Arpano Chiropractic Chiropractor Studio Recording Studio Health Center Occupational Health Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.013584
    Latitude
    42.2367599

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    FAQs

    What type of property is this?
    Medical office - Versatile Medical/Office Building, High Traffic Location
    Where is this medical office located?
    The property is located at 278 Centre St Quincy, MA.
    What is the asking price?
    The asking price for this property is $1,420,000.
    What are key features of this property?
    This property features: $1,420,000 asking price for a three-unit office building in Quincy, MA.; The 8,100 sq ft property is zoned IND A and features a two-story building constructed in 1970.; Excellent location with high foot and vehicle traffic, great visibility, and convenient access to major highways (Routes 3, 93, and 95) and public transportation.
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    278 Centre St Quincy, MA 02169
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    Quincy, MA 02169
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    278 Centre St Quincy, MA 02169
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