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19 Park St Attleboro, MA 02703-2301

OFF-MARKET Office buildings Google Maps
44,580 SF 0.23 ac lot Built 1938
Entity Owned 8-yr Hold ~ Est. High Equity
Estimated value (blended)
$850k
Range $765k – $935k (±10%)
Property ID US38-1122738

Property summary

AI-generated overview

This exceptional mixed-use property, located at 19 Park Street in Attleboro, Massachusetts, presents a compelling redevelopment opportunity. The 44,580 square foot building, constructed in 1938 and renovated in 1980, boasts a prime location in Attleboro's revitalizing downtown area, conveniently situated near the commuter rail. Currently operating at 75% occupancy, the five-story building is zoned for general business use and previously had approvals for conversion into a 23-unit multifamily complex with ground-floor commercial space. This represents a significant opportunity for investors seeking to capitalize on the growing demand for housing and commercial space in this vibrant Massachusetts community. The property is being sold as a package with 44 Park Street, offering an expanded development potential. The asking price is $2,900,000, translating to $65.05 per square foot. With its proximity to the commuter rail, providing easy access to Boston within 40 minutes, and its walkable location near restaurants, shops, and parks, this property offers a unique blend of investment potential and lifestyle appeal. The single building offers significant upside for a savvy investor looking to contribute to Attleboro's ongoing transformation. The property's existing infrastructure and approved plans provide a solid foundation for a swift and efficient redevelopment project.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1938
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 44,580 SF
Lot 0.23 ac (9,849 SF)
Zoning code CB
APN ATTL M:28 L:8
UPID US38-1122738

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
$3.92M
Blend (final) Blend
$850k

Owner & transaction history

since 2017
4 recorded transactions
2017
$1.2M
1998
$160,000
1997
Price N/A
1990
Price N/A

Zoning & alternative use

CB · Attleboro, MA
Zoning description

The CB zoning district is established to accommodate a wide variety of commercial uses as well as mixed–use and residential uses, which will result in an intensive use of the City’s central business district.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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