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    421 Washington St Auburn, MA 01501

    Sponsored
    For Sale
    $2,950,000

    19,438 SF Office Building, 3 Units

    Property size:
    19,438 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional investment opportunity presents a vacant, 19,438-square-foot Class B office building located at 421 Washington Street in Auburn, Massachusetts. The property, built in 1976, features three units and sits on a 75,392-square-foot lot. Currently vacant, this presents a unique chance for owner-occupancy or leasing, with 10,600 square feet immediately available. The building is zoned GI, offering versatility for a variety of business uses. Its prime location in Auburn's thriving commercial area provides excellent access to local amenities and a strong potential for growth. The asking price is $2,950,000, and the lease type is NNN. This presents a rare chance to acquire a substantial property in a desirable location, ideal for investors seeking to capitalize on Auburn's robust commercial market. The property's size and zoning provide significant flexibility for future development or adaptation to suit various business needs. This is a strong investment opportunity in a well-established commercial area. The property's substantial size and versatile zoning make it an attractive option for a range of businesses. Don't miss this chance to secure a significant commercial property in a growing Massachusetts market.

    Property Features for 421 Washington St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    19,438 SF
    Class
    B

    Building Details

    Year Built
    1976
    Units
    3

    HighLights

    • Exceptional investment opportunity: 19,438 SF Class B office building with three units.
    • 10,600 SF immediately available for lease or owner‑occupancy.
    • 1976‑built property in Auburn, MA's thriving commercial area.
    • GI zoning allows for versatile business uses.
    • Prime location with ample square footage, ideal for Auburn's commercial growth; $2,950,000 asking price, NNN lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Morning Star Bookstores 📚 Christian Book Store Sally Mc Dermott ... Dance School Repligen Manufacturer Patrick Motors Car Dealer Wood Pro Inc ... Wood And Laminate Flooring Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8231998
    Latitude
    42.1934632

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    FAQs

    What type of property is this?
    Office Property / Space - 19,438 SF Office Building, 3 Units
    Where is this office property / space located?
    The property is located at 421 Washington St Auburn, MA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 19,438 SF Class B office building with three units.; 10,600 SF immediately available for lease or owner-occupancy.; 1976-built property in Auburn, MA's thriving commercial area.
    (508) 753-9100
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    421 Washington St Auburn, MA 01501
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    Auburn, MA 01501
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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
    421 Washington St Auburn, MA 01501
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