16 Pleasant St Bridgewater, MA 02324-2420
This exceptional 8,000+ square foot building situated on a sprawling 1.8-acre lot in Bridgewater, MA, presents a remarkable investment opportunity. Formerly operating as a nursing home, the property boasts two expansive floors of living space, encompassing sixteen bedrooms, offering significant potential for various uses. The first floor features a dedicated office, a stunning oversized common room with high ceilings, a captivating chandelier, a welcoming fireplace, and a fully equipped commercial kitchen. A second common room and ample storage space are also located on the first floor. The second floor mirrors the first floor's spacious layout, with additional bedrooms and common areas. A substantial third floor, approximately 1,500 square feet, provides versatile space ideal for additional bedrooms, office space, or a combination thereof. Adding to the property's charm is a delightful enclosed porch offering serene views of the lush, nearly two-acre landscape. The property's size and layout make it well-suited for a variety of commercial ventures, including, but not limited to, a sober living facility or a veteran's home. The asking price is $1,500,000. This is a rare opportunity to acquire a substantial property with significant potential in a desirable location. The property is being sold as-is.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.