220 Huttleston Ave Fairhaven, MA 02719
Property Lookup
Property profile & analytics
220 Huttleston Ave Fairhaven, MA 02719
- Retail space
- 15,051 SF
- 1.70 lot acres
Property ID
US38-1787740
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Walgreens / Pharmacy
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- Walgreens Pharmacy / Pharmacy
- FedEx OnSite / Postal Service / Courier Service
Property Details for 220 Huttleston Ave
- Year built
- 2003
- Lot size
- 1.70 lot acres
- Property size
- 15,051 SF
- Zone code
- B
- Property type
- Retail space
- APN
- FAIR M:00030A L:00092 S:
- APU
- FAIRM00030AL00092S
Description
This exceptional investment opportunity presents a fee-simple Walgreens located at 220 Huttleston Ave, Fairhaven, MA 02719. The property boasts 15,120 square feet on a 1.7-acre lot, offering ample parking. Built in 2002, this single-tenant retail building is currently 100% occupied under a triple-net (NNN) lease with a corporate guarantee from Walgreens, a company with $139 billion in revenue. The lease commenced September 19, 2002, and expires September 30, 2032, leaving 7.9 years remaining on the initial term, followed by eight five-year renewal options. The current annual net operating income (NOI) is $328,500, resulting in a 7.25% cap rate based on the asking price of $4,531,034. This property offers minimal landlord responsibilities and significant long-term income potential due to the strength of the tenant and the lease structure. The consistently high sales volume at this location further underscores its value as a stable and profitable investment. The property's size and location in Bristol County, Massachusetts, contribute to its overall appeal.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,145,000
- AI Estimate
- $1,966,000
Market price range: $1.20M - $4.07MMarket price range: $844k - $2.37M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,470,000 Current use
- RESTAURANT
- $3,525,000 Change: +43% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,680,000 Change: +8% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,410,000 Change: -2% Conversion: Difficult
- OFFICE BUILDING
- $2,300,000 Change: -7% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $2,300,000 Change: -7% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $2,240,000 Change: -9% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,990,000 Change: -19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fairhaven
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.8795
- Latitude
- 41.6417
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$52,118
$1,661,800
$1,175,300
$2,837,100
-
$0.00
$0.00
$0.00
