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    Property profile & analytics
    FOR SALE
    Commercial real estate

    159 Washington St, Norwell, MA 02061

    0.9 ac lot Built 1800
    Entity Owned 5-yr Hold
    Property ID
    US38-2412098
    Property summary
    AI-generated overview

    This charming, historic retail property at 159 Washington Street, Norwell, MA, is available for sale at $875,000 or lease at $3,450 per month. Situated on Route 53, this 0.9-acre lot boasts excellent visibility and accessibility. Recent improvements include a new roof, fresh exterior paint, updated landscaping, a new boiler, and a new 14 KW Generac generator, ensuring efficient and reliable operation. The building previously served as a Tile and Kitchen design center, offering ample space for a variety of businesses. The property features a spacious main retail area, individual offices upstairs, and a 950-square-foot unfinished basement providing significant storage potential. Ample private parking is available for employees and customers. The tenant is responsible for all utilities. This property presents a unique opportunity for a business seeking a well-maintained, historically significant location with high visibility and convenient parking. Buyers are responsible for conducting all due diligence.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1800
    Lot 0.9 ac (39,204 SF)
    UPID US38-2412098
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Young Belford LLC · 5 yrs held
    Young Belford LLC
    since 2020
    2 recorded transactions
    2020
    $720,000
    2016
    $600,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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