Property profile

0 Long Point Rd Lakeville, MA 02347

OFF-MARKET
Land
8.2 ac lot
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Property summary

AI-generated overview

This exceptional 8.2-acre parcel in Lakeville, Massachusetts, presents a unique opportunity for developers and investors. Zoned R, this shovel-ready site is approved for an additional 33 residential condo units, expanding the existing "Lake Point Village" 55+ community. The existing phase, completed in 2021, comprises 33 units and features amenities such as a fitness center and large patios. The proposed expansion includes plans for an 18,300 square foot, three-story building above a drive-in parking garage. The property boasts stunning panoramic views of Pocksha and Great Quittacas Ponds, enhanced by the proximity to thousands of acres of protected open space within the Assawompset Pond Complex. Conveniently located near Routes 24, 140, I-195, and I-495, and with easy access to the MBTA commuter rail, this location offers unparalleled accessibility. All necessary infrastructure, including water, waste, and electrical utilities, as well as access roadways and paved parking, are already in place. This is a rare opportunity to capitalize on a permitted PAD site in a highly desirable location, making it ideal for developers, investors, and 1031 exchange groups. The asking price is $2,700,000. The property is located at Long Point Rd, Lakeville, MA 02347, in Plymouth County.

Property profile

Verified
Property type Land
Lot 8.2 ac (357,192 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Long Point Rd Lakeville, MA 02347
Lakeville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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