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    FOR LEASE
    Commercial real estate

    355 Wareham St, Middleboro, MA 02346

    1,320 SF 2.37 ac lot Built 1949
    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US38-0005486
    Property summary
    AI-generated overview

    This exceptional Middleboro investment property presents a rare opportunity to acquire a substantial multi-unit complex boasting a total of 18,644 square feet across eleven individual units. The property comprises two main buildings, one constructed in 2018 with 9,900 square feet and a second built in 2019 encompassing 7,424 square feet. A renovated 1,320-square-foot garage, completed in 2019, adds further functionality. Each unit is thoughtfully designed with a private bath and dedicated office space, catering to a diverse range of tenants. The property features modern utilities, including well water and electric service. Efficient floor draining systems are integrated into tight tanks for effective waste management. Heating is provided by individual propane unit heaters within each unit. The property sits on a generous two-acre lot, offering ample space and potential for future expansion or development. Priced at $2,599,000, this turnkey investment presents a strong return on investment potential due to its modern construction, multiple income streams, and desirable location in Middleboro, MA. The property's recent construction and well-maintained condition minimize immediate capital expenditure needs, making it an attractive proposition for savvy investors seeking a stable and profitable addition to their portfolio.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1949
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,320 SF
    Lot 2.37 ac (103,124 SF)
    APN MIDD M:00072 L:5542 U:0000
    UPID US38-0005486
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Kelly Connelly · 1 yrs held
    Kelly Connelly
    since 2024
    Last sale
    $255,000
    7 recorded transactions
    2024
    $255,000
    2020
    2018
    2016
    $150,000
    2012
    $150,000
    2010
    $1
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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