Land with Dual
911 Washington Street Pl Hyde Park, MA 02136
911 Washington Street Pl, Hyde Park, MA, 02136
$2,500,000
For Sale
$2,500,000
Level site on two lots totaling about 6,126 sf, zoned VC 2 and BU 2 for development flexibility.
Property Size6,126 SF
Lot Size0.14 Acres
Price / SF$408.10
Days on Market142
Property Features for 911 Washington Street Pl
General Information
- Standard status
- Active
- Size
- 6,126 SF
- Lot size
- 0.14 Acres
- Property subtype
- Land
Listing agency
Kraft Fine Homes
(617) 527-7002
Listed by
Cynthia Lanciloti
(617) 501-6158
Source
Exprealty
Added: Mar 3 Updated: Jul 22 at 7:06PM Checked: Jul 22 at 7:06PM
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 Kraft Fine Homes
Investment Insights
Based on property information with market context.
The property consists of a level site in two separate lots totaling approximately 6,126 sf +/- (5,173 sf and 953 sf). A Phase I ESA (21E) has been completed and is available upon request.
The site is located within both a VC 2 zone and a BU 2 zone, which supports a variety of uses and development opportunities. The property is situated approximately two blocks from the commuter rail station.
Please do not walk the site without the listing agent, as there is still an ongoing busy service station.
The site is located within both a VC 2 zone and a BU 2 zone, which supports a variety of uses and development opportunities. The property is situated approximately two blocks from the commuter rail station.
Please do not walk the site without the listing agent, as there is still an ongoing busy service station.
Key Highlights
- Prime intersection location in Newtonville; visible from a busy commercial area
- Level site on two lots totaling about 6,126 SF (5,173 SF + 953 SF)
- Zoned VC 2 and BU 2, allowing for a variety of uses and development opportunities
Local Financial Insights For Specialty 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 | $169.1k | $27.60 |
| − Vacancy | −$11.8k | −$1.93 |
| EGI | $157.2k | $25.67 |
| − OpEx | −$39.3k | −$6.42 |
| NOI | $117.9k | $19.25 |
6,126 SF · lease $27.60/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.68M
$1.47M – $1.97M
NOI $117,932 @ 7.0% cap · market cap 4.72%
Second Best
Retail
$1.41M
$1.24M – $1.65M
NOI $98,877 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$4.59M
$4.01M – $5.35M
NOI $321,100 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Level site on two lots totaling about 6,126 sf, zoned VC 2 and BU 2 for development flexibility.
Where is this commercial land located?
The property is located at 911 Washington Street Pl Hyde Park, MA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime intersection location in Newtonville; visible from a busy commercial area; Level site on two lots totaling about 6,126 SF (5,173 SF + 953 SF); Zoned VC 2 and BU 2, allowing for a variety of uses and development opportunities
