591 Washington StWhitman, MA 02382

Property Details for 591 Washington St

Year built

1880

Construction

FRAME

Lot size

0.50 AC

Property size (Sq ft)

21,320 SF

Zone code

GB

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

WHIT M:0004 B:0048 L:5

APU

WHITM0004B0048L5

Description

The Jenkins Block, a prominent Whitman, MA landmark, presents a unique retail opportunity. This two-story, 21,320 square foot building, constructed in 1890 and extensively renovated in 2018, boasts a prime location at 591 Washington St, 02382. Currently, one street-level retail space of 2,150 square feet is available for lease within this multi-tenant property. The building is zoned for General Business use, offering excellent visibility and high foot traffic in Whitman's town center. Its convenient location provides easy access to the MBTA Commuter Rail and Route 27, a major east-west artery. The property's rich history and recent modernization combine to create a compelling opportunity for businesses seeking a high-profile location in a thriving community. The building's classic architecture and modern amenities offer a unique blend of character and functionality. Plymouth County location ensures access to a strong regional market. This is an exceptional chance to establish a presence in a well-established and easily accessible commercial area. The available space is ready for immediate occupancy, offering a turnkey solution for businesses seeking a vibrant and visible location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,524,833

  6.5%

  $3,253,692

  7%

  $3,021,285

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,785,671

  Geo Method

  $2,785,671

• Alternative Use

  Use

  Valuation

  Residential

  $4,034,578

  Hospitality

  $3,695,652

  Educational

  $3,074,739

  Medical

  $3,180,484

  Retail

  $4,782,927

Location Insight

City

Whitman

County

Plymouth

State

Massachusetts

Latitude

42.0811

Longitude

-70.9371

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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