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    Property profile & analytics
    OFF-MARKET Estimated value $630,000
    Office buildings

    124 Washington St, Norwell, MA 02061-1731

    7,387 SF 0.68 ac lot Built 1979
    Entity Owned 29-yr Hold Free & Clear
    Property ID
    US38-1390447
    Property summary
    AI-generated overview

    This exceptional 1,600 square foot commercial space at 124 Washington Street in Norwell, Massachusetts, presents a fantastic opportunity for a discerning business. Located in the highly desirable South Shore submarket, specifically the South of Boston cluster, this single-tenant property boasts a prime location on the busy Route 53/Washington Street corridor. The space is currently configured as an open floor plan, offering maximum flexibility for a variety of uses. Zoned for General Business/Commercial use, it's ideally suited for retail or office tenants. The unit is situated on the first floor, providing convenient street-level access. A key advantage is the presence of ample parking both in front and in the rear of the building, ensuring easy access for customers and employees. Further enhancing its appeal, the property is adjacent to a thriving coffee shop and restaurant, creating a synergistic environment and increased foot traffic. The space includes a private bathroom and features both front and rear entrances, offering versatility in layout and operations. This is a rare opportunity to secure a well-located, adaptable space in a thriving commercial area. The property is ready for immediate occupancy. Contact us today to schedule a viewing and explore the possibilities.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1979
    Construction FRAME
    Total area 7,387 SF
    Lot 0.68 ac (29,600 SF)
    APN NORW M:19 L:10
    UPID US38-1390447
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $653k
    Blend (final) Blend
    $630k
    Owner & transaction history
    Mary Trading Post INC · 29 yrs held
    Mary Trading Post INC
    since 1996
    3 recorded transactions
    1996
    $350,000
    1996
    1993
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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