278 Centre St Quincy, MA 02169
- Showrooms
- 3,244 SF
- 0.19 lot acres
Current Use by Public Records
- Henderson Grealis & Taxsense / Accountant / Certified Public Accountant
- Mystic massage / Massage Therapist / Foot Massage Parlor
- Arpano Chiropractic / Chiropractor / Wellness Program
- Studio / Recording Studio / Hotel
- Health Center / Occupational Health Service
Property Details for 278 Centre St
- Year built
- 1970
- Construction
- FRAME
- Lot size
- 0.19 lot acres
- Property size
- 3,244 SF
- Zone code
- INDA
- Property type
- Showrooms
- APN
- QUIN M:3073 B:17 L:A
- APU
- QUINM3073B17LA
Description
This exceptional free-standing medical/office building at 278 Centre St, Quincy, MA, presents a unique investment opportunity. Boasting 0.19 acres of land, this multi-level property offers high visibility and unparalleled highway access via Routes 3, 93, and 95. Its convenient location is just 0.4 miles from Quincy Adams Station and 1.2 miles from Quincy Center, ensuring excellent accessibility for both staff and clients. The building features versatile floor plans, including open-concept reception areas and private restrooms on each floor. The top unit includes an additional bathroom with a stand-up shower. Currently configured to accommodate medical professionals, the space is ideal for a variety of uses, including personal trainers, health-related professionals, spas, and veterinary practices. Note the planned dog park directly across the street, presenting a significant advantage for pet-related businesses. Additional street parking is available, and there's a potential option to expand the existing lot. The property benefits from the addition of over 300 residential units currently under construction across the street, promising increased foot traffic and potential clientele. The seller is offering both a lease option and the possibility of a sale. Lease options include the entire building for $8500 per month, individual floors (floors 1 & 2 at $4500 each, and the top floor with basement at $5000), or individual units. The current tenants include a chiropractic office and a spa/massage therapy business. The owner may assist with build-out for new tenants. Condo conversion plans are also available. The asking price for the property is $1,420,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $405,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $330,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $295,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $360,000
- Retail
- $325,000
- Mixed-Use
- $295,000
- Hospitality
- $320,000
- Educational
- $315,000
- Residential Income
- $325,000
- Energy
- $365,000
- Income-Based Land
- $345,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Quincy
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -71.0135
- Latitude
- 42.2367
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
