Property profile

233 Water St Plymouth, MA 02360

OFF-MARKET
Office buildings
Property ID
US38-0808873
2,876 SF 0.27 ac lot Built 1900
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,766 square foot free-standing building at 233 Water Street in Plymouth, MA, presents a unique opportunity for medical or office users. Situated on a 0.27-acre lot, this property boasts stunning ocean views, particularly from the second floor. Previously utilized as a dental office, the layout is well-suited for a variety of professional uses. The building features a spacious waiting area, a reception desk, and multiple private offices, all designed to provide a comfortable and productive work environment. The building's prime waterfront location in Plymouth offers excellent visibility and accessibility. The ample square footage allows for flexibility in configuring the space to meet specific business needs. This is an ideal location for a practice seeking a prominent presence in a desirable coastal community. The property's existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront investment and allowing for a quick start to operations. The building's design and location combine to create a professional and inviting atmosphere, perfect for attracting and retaining clients. This is a rare opportunity to acquire a well-maintained, ocean-view commercial property in a thriving coastal town. The property is priced at $20 million.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Construction FRAME
Total area 2,876 SF
Lot 0.27 ac (11,739 SF)
Zoning code WF
APN PLYM M:0012 B:0000 L:0037
UPID US38-0808873

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office

Location

233 Water St Plymouth, MA 02360-4041
Plymouth metro Census 530300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$525k
Blend (final) Blend
$265k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2013
Price N/A
2005
$6.0M

Zoning & alternative use

WF · Plymouth, MA
Zoning description

LOT AREA, NONRESIDENTIAL - For a Use within Districts DH, LI/WF ,WF, NC, TC, GC, AC, LI, AP, MC and HC only, a net figure, excluding: land within the Layout of a Public Street or private way; land defined as “wetland” in…

General category UNKNOWN
Top alternative use upside
Retail stores $595,000 +4.8%
Auto repair, garage $595,000 +4.4%

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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